More legal news
17 July 2003
The £100,410 threshold above which European public-sector contracts must be put out to competition is set to go up by around 23 per cent.
The hike is part of long-awaited reforms to simplify European Union public procurement laws expected to be rubber stamped by the Council of the European Union later this month.
At an earlier parliament session in Strasbourg, MEPs voted to raise the threshold, a move expected to save money by encouraging more competition.
Above the thresholds, all contracts must be advertised in the Official Journal of the European Union (formerly the Official Journal of the European Communities).
MEPs also voted to strengthen some social provisions for public-sector contracts. The council is to weigh up more than 120 amendments this month.
If approved, the measures will be enshrined in member states' national law by early 2005.