Division 34 Arrangements for estimating the value of a contractF1

United Kingdom Repealed

1. 34.1The contracting authority shall estimate the value of a contract based on the total amount payable, including any form of options and any renewal.
2. 34.2For framework contracts and dynamic purchasing systems the value to be taken into account shall be the maximum value of all the contracts envisaged during the total duration of the framework contract or dynamic purchasing system.
3. 34.3For service contracts, account shall be taken of the following:
4. 34.4In the case of service contracts which do not specify a total price or of supply contracts for leasing, hire, rental or hire purchase of products, the basis for calculating the estimated contract value shall be:
5. 34.5In the case of service or supply contracts which are awarded regularly or are to be renewed within a given period, the basis for calculating the estimated contract value shall be any of the following:
6. 34.6Division 34.6
7. 34.7In the case of concession contracts, the value shall be the estimated total turnover of the concessionaire generated over the duration of the contract.