S.L. 601.05 · Part I · General Provisions

Regulation 54. Value of leasing products, hire, rental or hire purchase

Contract Value

Text of the consolidated version in force from 1 January 2024. Where this page and legislation.mt differ, legislation.mt prevails: official textThe Maltese and the English texts are both official; where they conflict, the Maltese text prevails. This page shows the English text.

With regard to supply contracts relating to 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 case of fixed-term contracts, if that term is less than or equal to twelve months, the total estimated value for the term of the contract;

(b) in case of fixed-term contracts, if that term is greater than twelve months, the total value including the estimated residual value;

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

Cross-references

Referred to by

43 130

Previous regulation

53 — Renewal of supply or service contracts

Next regulation

55 — Calculation of the estimated contract value of the service contracts

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General information on the Public Procurement Regulations in force. Not legal advice.