Section 4 Valuation of contractsI1I2C1C2
United Kingdom
For the purposes of this Act, the “estimated value” of a contract is its value for the time being estimated by a contracting authority.
A contracting authority that estimates the value of a contract must do so in accordance with Schedule 3.
A contracting authority must not exercise a discretion in connection with estimating the value of a contract with a view to securing that any requirement of this Act does not apply in relation to the contract.
Annotations
Modifications
- C1
S. 4 applied (24.2.2025) by S.I. 2013/1582, reg. 6(2), Sch. 2 Pt. 1 (as amended by The Procurement Act 2023 (Consequential and Other Amendments) Regulations 2025 (S.I. 2025/163), regs. 1(2), 17 (with reg. 33))
- C2
S. 4 applied (25.3.2026) by The Social Partnership and Public Procurement (Wales) Regulations 2026 (W.S.I. 2026/75), regs. 1(2), 2(2)
Commencement
- I1
S. 4 not in force at Royal Assent, see s. 127(2)
- I2
S. 4 in force at 24.2.2025 by S.I. 2024/716, Sch. (as amended by S.I. 2024/959, regs. 1(2), 2(7)(a))