Keyword Analysis & Research: framework agreement

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What does Framework Agreement mean?

What is this about? A ‘framework agreement' is ‘an agreement between one or more contracting authorities and one or more economic operators, the purpose of which is to establish the terms governing contracts to be awarded during a given period, in particular with regard to price and, where appropriate, the quantity envisaged.'

What is a public sector framework agreement?

A public sector framework agreement gives buyers the flexibility to order services and products from private sector suppliers multiple times without going through the full tender application process more than once. When setting up a framework, the buying organisation or organisations will run a full procurement exercise to select suitable ...

What is a basic agreement?

A basic agreement is quite similar to the conventional agreements that are signed during various deals. However, unlike these agreements, the basic agreement is usually made between parties that intend to deal with each other on a long term basis. These contracts usually come in handy for organizations that hire the services of contractors.

What is a global Framework Agreement (GFA)?

On the contrary, global framework agreements (GFAs) – concluded between MNEs and global union federations (GUFs) – are based on a new dimension in labour relations: in GFAs, companies consent to respect workers’ rights and to promote decent work globally within their subsidiaries and along their global supply chain.

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