We are a buyer of many products and services from external suppliers. These relationships are governed by regulations and our own policies to ensure fairness, transparency and value for money.
We are committed to delivering value for money and Procurement plays a key role in supporting this commitment. By effectively managing our relationships with suppliers, we are able to increase our ability to create more places for people to call home, support them to live well and build lasting homes and communities.
The Public Contracts Regulations 2015 govern how we select and award contracts for works, supplies and services, above certain financial values or thresholds
The government has recently announced new thresholds that will apply to contracts falling within the Public Contract Regulations 2015. The new thresholds apply from 1st January 2022 and, for the first time, include VAT. The inclusion of VAT has been introduced following our departure from the EU which had a specific arrangement with the Government Procurement Agreement to exclude VAT.
Existing threshold (to 31st Dec 2021)
New threshold (from 1st January 2022)
Supplies and Services
Light Touch Regime
As always, the thresholds apply to the aggregate value of the contract. The inclusion of VAT for the first time means the thresholds have effectively been reduced.
For contracts expected to be below these thresholds, we are guided by our own internal procurement policies and procedures.
All contract opportunities above the thresholds must, by law, be advertised through the Find a Tender Service (FTS), which replaces the
We also, where possible, publish our future expected procurement activity which can be viewed here.
To speak to one of the team or request more information about tendering opportunities, or more general procurement queries, please email email@example.com
For procurement at The Riverside Group, visit https://www.riverside.org.uk/about-us/procurement/