Threshold amounts

Amounts are in ISK, excluding VAT. The amounts apply from 9.3.2022.

• Public entities

• Municipalities. Their institutions. Other public entities on their behalf or organisations that these entities may have with them.

Purchases of goods and services: 18,519,000 ISK, excluding VAT.

Construction: 58,543,000 krónur excluding value added tax.

Amounts are in ISK, excluding VAT. The amounts apply from 9.3.2022.

Goods and service contracts and design contests: 64,779,000

Work contracts: 808,914,000

• Regulation on procurement by entities operating in the water, energy, transport and postal services sectors (cf. art. on the board

• The same amounts shall also apply to defence and security institutions both domestically and in the EEA. (cf. art. on the boardNo.

Works or services concessions exceeding the threshold amounts of the European Economic Area. (cf. art. on the board No. )

The Regulation applies to concessions where the estimated value of the contract, net of value added tax, is equal to or greater than ISK 808,914,000.

Notices of concessions pursuant to Article 32 shall also be advertised publicly on the procurement website () which is a common advertising platform for public tenders.