Application of the Public Contracts Regulations 2015 The Public Contracts Regulations 2015 (PCR 2015), SI 2015/102, implement the Public Contracts Directive 2014/24/EU. PCR 2015, SI 2015/102, Pt 2 set out the rules on the procedures for procurement by contracting authorities with respect to public contracts and design contests which have an estimated value exceeding the relevant financial threshold set in PCR 2015, SI 2015/102, reg 5 and are not excluded. Not all transactions require a public procurement procedure advertised and tendered in accordance with PCR 2015, SI 2015/102, Pt 2. The applicable rules and procedures (and exclusions) will depend on the circumstances and nature of the deal and the contracting authority’s role in the transaction. Where a project includes a land transaction, as well as works and/or services, a careful assessment must be made by the contracting authority as to whether the arrangement is subject to