Split Purchasing definition

Split Purchasing means dividing a purchase into two or more transactions for the purpose of staying below the individual transaction limit of $5,000.00 or for the purpose of evading a competitive bidding requirement.
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Split Purchasing means dividing or failing to consolidate a known quantity of products for the purpose of evading:
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Split Purchasing means when a recognized need for a certain volume of goods, services,
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Examples of Split Purchasing in a sentence

  • Split Purchasing – The practice of artificially dividing a single purchase to avoid the Single Purchase Limit, which is misuse of the card as per State of Louisiana Office of State Purchasing regulations and Executive Order “Small Purchases Procedures.” Supervisor/Budget Head - Individual(s) within the College who is responsible for requesting P-Cards for departmental employees who make official purchases.

  • Split Purchasing –The practice of artificially dividing a single purchase to avoid the Single Purchase Limit, which is misuse of the card as per State of Louisiana Office of State Purchasing regulations and Executive Order “Small Purchases Procedures.” Supervisor/Budget Head - Individual(s) within the College who is responsible for requesting Travel Card/CBA for departmental employees who make official purchases may also be the Approver of the Travel Card.

  • Split Purchasing Dividing a known quantity or failing to consolidate a known quantity for purposes of evading a competitive bid requirement or P-card threshold.

  • Split Purchasing –The practice of artificially dividing a single purchase to avoid the Single Purchase Limit, which is misuse of the card as per State of Louisiana Office of State Purchasing regulations and E xecutive Order “Small Purchases Procedures.” Supervisor/Budget Head - Individual(s) within the College who is responsible for requesting Travel Card/CBA for departmental employees who make official purchases may also be the Approver of the Travel Card.


More Definitions of Split Purchasing

Split Purchasing means dividing or failing to consolidate a known quantity of goods
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Related to Split Purchasing

  • Purchasing means the County of Eddy Purchasing Office or the Eddy County Purchasing Agent.

  • Purchasing Agent means the head of the City’s Purchasing Division, or a designated contact person acting for him or at his direction.

  • Purchasing Card or “P-Card” means The State of West Virginia’s Purchasing Card program, administered under contract by a banking institution, processes payment for goods and services through state designated credit cards.

  • Purchasing group means any group which:

  • Purchasing Division means the West Virginia Department of Administration, Purchasing Division.

  • Purchasing agency means any governmental body other than the chief procurement officers authorized by this code or by way of delegation from the chief procurement officers to enter into contracts.

  • Cooperative purchasing means procurement conducted by, or on behalf of, more than one public procurement unit.

  • State Purchasing Agent means the director of the purchasing division of the general services department.

  • Purchasing Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states if authorized by a Participating Addendum, that issues a Purchase Order against the Master Agreement and becomes financially committed to the purchase.

  • Purchasing CLO shall have the meaning set forth in Section 16.3(d) hereof.

  • Purchasing cooperative means a group purchasing organization that governmental entities join as members and the managing en- tity of which receives fees from members or vendors.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Purchasing Manager means the person duly authorized to enter into and administer Contracts and make written determinations with respect to the Contract or his or her designee.

  • Purchasing Member means a municipal utility which purchases electricity from a municipal electric cooperative association of which it is a member.

  • Purchasing Banks as defined in subsection 10.5(d).

  • Dynamic Purchasing System means a completely electronic process, which has a limited duration, for making commonly used purchases, as more particularly defined and described in the Public Contract Regulations 2015.

  • Purchasing Authority means the officer signing the acceptance of tender and shall include any officer who has authority to execute the relevant contract on behalf of the Purchaser.

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Net Purchases means purchases of goods and services charged to the Account, less refunds and adjustments;

  • Purchasing Portfolio has the meaning specified in Section 2.10;

  • Public purchasing body means the State or the subdivision or agency making a public purchase. Government Code Section 4550.

  • Purchases On the settlement date for the purchase (or earlier, if market practice requires delivery of the purchase price before the settlement date), Bank will debit the Cash Account for the settlement amount and credit a separate account at the Bank. Bank then will post the Securities Account as awaiting receipt of the expected Financial Assets. Customer will not be entitled to the Financial Assets that are awaiting receipt until Bank or a Subcustodian actually receives them. Bank reserves the right to restrict in good faith the availability of contractual settlement date accounting for credit or operational reasons.

  • Approved purchasing system means a Contractor’s purchasing system that has been reviewed and approved in accordance with Part 44 of the Federal Acquisition Regulation (FAR)

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Licensed financial institution means a financial institution issued a license under this act.