Section 14Part 5 — PROCUREMENT METHODS AND LIMITS
Procurement valuation
←→ Navigate · Click subsection badges to collapse · Press ? for help
An accurate estimate of the total value of a procurement project, including the delivery, installation, training and other fees integrally linked to the acquisition, is required prior to the start of the competitive process and shall include all of the costs payable to the supplier by the entity which is involved in the procurement process.
An entity shall not split or subdivide a contract to acquire goods, services or works in order to limit competition or to avoid the requirements under this Act, except where —
it can be demonstrated that the splitting or subdividing of a contract will facilitate economic development in accordance with the Islands' development preference; and
the decision to split or subdivide a contract is included in an approved written business case.