S.L. 601.3 Art. 32Value of public supply or service contracts.

(1) In the case of public supply or service contracts which are regular in nature or which are intended to be renewed within a given period, the calculation of the estimated contract value shall be based on the following:

(a) either the total actual value of the successive contracts of the same type awarded during the preceding twelve months or financial year adjusted, where possible, to take account of the changes in quantity or value which would occur in the course of the twelve months following the initial contract; or

(b) the total estimated value of the successive contracts awarded during the twelve months following the first delivery, or during the financial year where that is longer than twelve months.

(2) With regard to public supply contracts relating to the leasing, hire, rental or hire purchase of products, the value to be taken as a basis for calculating the estimated contract value shall be as follows:

(a) in the case of fixed-term public contracts, where that term is less than or equal to twelve months, the total estimated value for the term of the contract or, where the term of the contract is greater than twelve months, the total value including the estimated residual value;

(b) in the case of public contracts without a fixed term or the term of which cannot be defined, the monthly value multiplied by 48.

(3) With regard to public service contracts, the basis for calculating the estimated contract value shall, where appropriate, be the following:

(a) insurance services: the premium payable and other forms of remuneration;

(b) banking and other financial services: the fees, commissions payable, interest and other forms of remuneration;

(c) design contracts: fees, commissions payable and other forms of remuneration.

(4) With regard to public service contracts which do not indicate a total price, the basis for calculating the estimated contract value shall be the following:

(a) in the case of fixed-term contracts, where that term is less than or equal to forty-eight months: the total value for their full term;

(b) in the case of contracts without a fixed term or with a term greater than forty-eight months: the monthly value multiplied by 48.

Contracts into Lots