Appendix 1 Estimating the Contract Value The timing and method for calculating the estimated value of contracts shall be as follows: 1 Timing of estimating the contract The calculation of the estimated value of a contract shall be based on the total amount payable, net of VAT, as estimated by the Executive Director. This calculation shall take account of the estimated total amount, including any form of option, extension, and any renewals of the contract: the EU Regulations apply the estimate must be valid at the moment at the contract notice is sent, or, where such notice is not required, at the moment at which the Executive Director commences the contract awarding procedure; or, where the EU Regulations do not apply the estimate must be valid at the moment at the Executive Director commences the contract awarding procedure. Framework agreements and dynamic purchasing systems For framework agreements and dynamic purchasing systems, the to be taken into consideration shall be the maximum estimated value, net of VAT, of all the contracts envisaged for the total term of the framework agreement or the dynamic purchasing system. Innovation Partnerships For innovation partnerships, the to be taken into consideration shall be the maximum estimated value, net of VAT, of the research and development activities to take place during all stages of the envisaged partnership as well as of the supplies, services or works to be developed and procured at the end of the envisaged partnership. Works contracts For works contracts, calculation of the estimated value shall take account of both the cost of the works and the total estimated value of the supplies necessary for executing the works and placed at the contractor s disposal by the Council. Treatment of Lots
Appendix 1 Estimating the Contract Value The timing and method for calculating the estimated value of contracts shall be as follows: 1 Timing of estimating the contract The calculation of the estimated value of a contract shall be based on the total amount payable, net of VAT, as estimated by the Executive Director. This calculation shall take account of the estimated total amount, including any form of option, extension, and any renewals of the contract: the EU Regulations apply the estimate must be valid at the moment at the contract notice is sent, or, where such notice is not required, at the moment at which the Executive Director commences the contract awarding procedure; or, where the EU Regulations do not apply the estimate must be valid at the moment at the Executive Director commences the contract awarding procedure. Framework agreements and dynamic purchasing systems For framework agreements and dynamic purchasing systems, the to be taken into consideration shall be the maximum estimated value, net of VAT, of all the contracts envisaged for the total term of the framework agreement or the dynamic purchasing system. Innovation Partnerships For innovation partnerships, the to be taken into consideration shall be the maximum estimated value, net of VAT, of the research and development activities to take place during all stages of the envisaged partnership as well as of the supplies, services or works to be developed and procured at the end of the envisaged partnership. Works contracts For works contracts, calculation of the estimated value shall take account of both the cost of the works and the total estimated value of the supplies necessary for executing the works and placed at the contractor s disposal by the Council. Treatment of Lots
Contract-Procedure-Rules-MAY17_1.docx