1. A contracting authority, as defined in the Government Contracts Regulations and as specified in Column I in Schedules 1, 2, or 3, as well as in the text of Schedule 5, may enter into a contract or contractual arrangement without the approval of the Treasury Board, if the amount payable, which includes all applicable taxes (including GST or HST), does not exceed the limit set out in Columns II, IV and VI Schedules 1, 2, or 3and in the text of Schedule 5.
2. When a contracting authority has entered into a contract, it may amend the contract without the approval of the Treasury Board, if the cumulative value of the amendments, which includes all applicable taxes (including GST or HST), does not exceed the limit set out in Columns III, V, VII of Schedules 1, 2, or 3.
3. When the Treasury Board has approved an amendment, the contracting authority may further amend the contract without the approval of the Treasury Board, if the cumulative value of such amendments, which includes all applicable taxes (including GST or HST), does not exceed the limit set out in Column VII of Schedules 1, 2, or 3.
4. The special limits for a contracting authority related to entry into and amending a contract with a former public servant in receipt of a pension are set out in Schedule 4.
5. As of April 1, 2005, for commodities listed in Schedule 4 below, and where PWGSC has developed standing offers in support of these commodities, the use of those standing offers is mandatory. PWGSC will publish the list of standing offers that are available for each commodity and will update this list on an annual basis.