New EU Public Procurement Thresholds from 1 January 2024

Our Public Procurement team outlines the new EU thresholds that will apply to public procurement procedures from 1 January 2024.

From 1 January 2024, new thresholds will apply for the application of the EU Public Procurement Directives. These updated thresholds are as follows:

Public Procurement Directive

Utilities Directive

Concessions Directive

These thresholds were last updated on 1 January 2022. The thresholds are net of VAT and apply over the duration of a contract or framework agreement (including all potential extensions and options).

It is important to bear in mind that, even if the value of a procurement falls below the applicable EU threshold, it is still subject to the national thresholds and rules as most recently set out in Circular 05/2023 published by the Department of Public Expenditure, NDP Delivery and Reform. These national thresholds and rules are summarised in a previous update.

In addition, all contracts with the potential for cross-border interest must be awarded in accordance with the general EU principles, including the principles of transparency, equal treatment, non-discrimination, proportionality and mutual recognition.

How we can help

We have significant experience in assisting contracting authorities, utilities and tenderers on all aspects of public procurement law. For more information and expert advice, please contact a member of our Public Procurement team.

The content of this article is provided for information purposes only and does not constitute legal or other advice.