5Estimated value of contractS
This section has no associated Explanatory Notes
(1)For the purposes of this Act, the estimated value of a contract is the value of the total consideration (not including value added tax) which the contracting authority expects to be payable under or by virtue of the contract.
(2)The Scottish Ministers may by regulations make further provision about how the estimated value of a contract is to be determined.
Commencement Information
I1S. 5 in force at 18.4.2016 by S.S.I. 2016/30, art. 3 (with art. 5)