Public procurement thresholds
In the European Union, public procurement thresholds define when contracts must be advertised EU-wide, ensuring fairness and transparency. These thresholds are updated biennially to account for economic changes and currency fluctuations. Current Thresholds: Construction Contracts: €5,538,000 Supply and Service Contracts: Central Government Authorities: €143,000 Other Public Sector Contracting Authorities: €221,000 Utilities (e.g., water, energy, transport):…