Won't work
They'll just split a big project into 5 little projects, all under the 5m threshold.
I can't see any of the civil service mandarins being happy having to justify their spending, or able to for that matter.
All central government IT contracts worth more than £5m are to be subject to approval by the Treasury and the Cabinet Office. The move is intended to provide long term measures and replace the interim changes introduced when the coalition government came to power. A spokeswoman for the Cabinet Office told GGC that, whereas …
should be read as all £5m projects will now cost £6m and take double the time to deliver due to additional documentation and review panels needed to approve and monitor projects.
overall costs will also go up,due to the number of projects that fail or are seriously defcient by the time the go live, as the goal posts will have moved whilst the project was sat around waiting for the manadarins to approve it.