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Selling guide

 

The Authority must comply with certain rules and regulations when procuring Goods, Works, and Services, which align with the UK Procurement Act 2023 and LVRPA’s own Financial Regulations.

 

UK Procurement Act 2023

 

Contracts with an expected value above the current UK thresholds (as noted below) must be procured in accordance with the PA23 and the Public Services (Social Value) Act 2012. The Public Services (Social Value) Act applies to the pre-procurement stage of above-threshold contracts for services and requires that officers consider how what is to be procured may improve the social, environmental, and economic wellbeing of the Park. These opportunities must be published on the Central Digital Platform (Find a Tender Service), as well as via the In-Tend Portal and LVRPA’s website.

 

  • Public Works Contracts - £5,372,609

  • Public Supply Contracts and Public Services Contracts - £214,904

 

Financial Limits for the Authority’s transactions

In addition to the PA23, the Authority has its own Financial Regulations, to which all budget holders must adhere:

 

  • Estimated Value up to £3,000 (exclusive of VAT): Goods and Services up to £3,000 can be commissioned on the basis of one formal quote, subject to the good/service being of a one-off nature and, in the opinion of the officer concerned, represents good value for money and delivery capability before the order is placed.

  • Estimated Value between £3,000 and £15,000 (exclusive of VAT): Goods and Services between £15,000 and £35,000 can be commissioned on the basis of three competitive quotes. Quotations must be obtained and documented by a Director and consideration must be given to value for money and delivery capability before an order is placed.

  • Estimated Value between £15,000 and £35,000 (exclusive of VAT): Goods and Services between £15,000 and £35,000 can be commissioned on the basis of three competitive quotes. Quotations must be obtained and documented by a Director and consideration must be given to value for money and delivery capability before an order is placed.

  • Estimated Value between £35,000 and the Public Procurement Thresholds: These contracts must be let by following the Competitive Procurement Procedures as defined in the Procurement Act 2023 and published on the Find a Tender Service / Central Digital Platform, as well as via the In-Tend Portal and Authority’s website.
    Current UK Thresholds (inclusive of VAT):

    • Goods & Services - £207,720

    • Works - £5,193,000

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