Corporate Governance · glossary
Dividing one purchase into several orders so that each falls within a lower limit than the whole would need. One need, one supplier and one period are one purchase. The split is a breach by the person who made it, whatever each order cost. Charter §3.3 · Schedule B, paragraph 3 · Charter §9.3 · Chapter 2 · Chapter 7
Explained in Chapter 2, Matters Reserved and Delegation, of Corporate Governance.
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