European tendering financial thresholds
Slough Borough Council must advertise its tenders in the Supplement to the Official Journal of the European Union (OJEU) where the expected value of the contract exceeds a certain figure.
Tender procedure for over £50,000 to OJEU thresholds
The council's own Contract Standing Orders state that in cases where expenditure on works, services or supplies is anticipated to be more than £50,000 a formal tendering exercise will be undertaken. Where single works involve more than one contract, the estimated value of all contracts must be aggregated to decide whether the threshold is reached.
Request for quotation procedure for £5,000 to £49,999
In cases where expenditure on works, services or supplies is expected to be above £5,000 but under £50,000 a quotation exercise will be undertaken, inviting no less than three organisations (wherever possible) to bid.