VEAT Notice

A Voluntary Ex-Ante Transparency (VEAT) Notice is a form of contract award notice which was introduced in December 2009. It was only during the last quarter of 2010 that Local Authorities started to understand the advantages of the  notices and started to issue "letters of intent" rather than contract award notices.

There are significant advantages for Local Authorities in publishing VEAT Notices. These are integral with the Remedies Directive, also implemented in December 2009. The publication of a VEAT notice requires challenge, if any, must be made within the 10 day (in some circumstances 15 day) standstill period. If no challenge is made to the decision of the purchaser within in these prescribed circumstances, then no later challenge can be made leading to a contract being declared by the Courts as ineffective. 

Complicated??

Please read the TfC leaflet which can be downloaded from the bottom of the page for a fuller explanation.

Also discover how you can gain access to VEAT Notices from January 2011.

 

The TfC VEAT Notice Service is an essential tool for all Health and Social Care providers who are serious about securing public sector contracts.

Related Documents For Download