Financial thresholds in the Public Contracts Regulations 2015 (PCR 2015) The PCR 2015, SI 2015/102, apply to procurements where the estimated value of the proposed tender (including VAT) is greater than the prescribed financial thresholds. The prescribed thresholds are set out in PCR 2015, SI 2015/102, reg 5. The provision governing how the value of a procurement is to be estimated is PCR 2015, SI 2015/102, reg 6. The precise means for valuing a tender varies according to the type of contract involved. There are, however, some common principles which apply generally. General principles PCR 2015, SI 2015/102, reg 6(1) states that the calculation of estimated