A Framework Agreement is an agreement between two parties that is a general term for agreements and set out terms and conditions for making specific purchases. The Framework Agreement is to establish the terms governing contracts to be awarded during a given period with regard to price and the quantity envisaged. Blanket orders or Umbrella agreements are a type of framework agreement.
Reference Definition by Local.gov.uk: 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. Framework agreements continue to play a central role in public procurement including enabling councils to work together through central purchasing bodies. The rules remain largely the same as before including the maximum four-year duration.
Related Definitions in the Project: The Project Management; Project Contract
