Agreed:
RECOMMENDED that Council:-
(1) approve the revised Financial Regulations in Appendix A of the report;
(2) increase the spend threshold at which Officers are required to obtain three quotes from £10,000 to £25,000;
(3) increase the spend threshold at which Officers are required to go out to tender from £50,000 to £100,000; and
(4) approve the revised Procurement and Contract Procedures in Appendix B of the report.
Reason for Decision: As set out in the report.