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reg 3

Policy for contracting activities

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Schedule 3Requirements for financial policies

3 Policy for contracting activities

An organisation’s policy for the organisation’s contracting activities must—

(a)

require the organisation’s major costs incurred through contracting activities to be reviewed periodically; and

(b)

state the circumstances in which a contract for the supply of goods or services is considered by the organisation to be a significant contract; and

(c)

require the organisation’s contracting activities with an entity (a supplier) to impose an obligation on the supplier to disclose to the organisation any conflict of interest arising—

(i)

during a tender process or negotiations for a contract; or

(ii)

when a contract is entered into; or

(iii)

while a contract is in force; and

(d)

require the organisation to keep a register of conflicts of interest disclosed by suppliers under an obligation mentioned in paragraph (c).

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