Finance
New European procurement thresholds
From 1 January 2022, the procurement thresholds for European tenders will be higher. This means that fewer orders have to follow an European tender procedure. The new thresholds apply until 1 January 2024.
The new financial thresholds are:
- € 215,000 (was € 214,000) excluding VAT for supplies and services,
- € 5,382,000 (was € 5,350,000) excluding VAT for works.
Procurement procedures at the University
If you wish to purchase something on behalf of the University, you need to take into account a number of procurement procedures. The procedure to follow depends on the scope of your order. It is therefore essential that you make a realistic estimate of the costs. For purchases in excess of €30,000, always first contact the Procurement department.
European procurement thresholds
The financial thresholds are set for two years by the European Commission on the basis of the average rate of the euro compared to SDR (Special Drawing Rights of the IMF).