Framework Agreement

A Framework Agreement is a general term for agreements with suppliers to establish terms governing contracts that may be awarded during the life of the agreement. These terms typically cover pricing, quality, and quantity of goods or services. Framework agreements are used to streamline procurement processes for multiple projects over a set period, allowing clients to engage suppliers quickly and efficiently without renegotiating terms for each contract. This approach can lead to cost savings, improved efficiency, and stronger relationships between clients and suppliers. It’s particularly useful for organisations that require a continuous supply of goods or services for various construction projects.