Regulated below threshold contracts under the Procurement Act 2023

In this episode, Helen Redfern, a senior solicitor in the procurement team at Hempsons, outlines the key obligations and requirements for English contracting authorities regarding regulated below threshold contracts under the Procurement Act 2023. Helen addresses common queries, including the definition of below threshold contracts, direct awards without competition, running formal competitions, and the prompt payment provisions. She provides practical guidance on the various notices required and the flexibility contracting authorities have in awarding and managing these contracts.Episode summary00:00 Introduction to the Procurement Act 202301:03 Understanding regulated below threshold contracts01:40 Key considerations for English Contracting Authorities02:34 Options for awarding below threshold contracts03:50 Direct award without competition05:27 Running a competition for below threshold contracts08:59 Managing regulated below threshold contracts10:06 ConclusionTo find out more and to contact our procurement team, visit our website.