How Framework Agreements Benefit Long-Term Projects
Framework agreements streamline the procurement process by establishing a long-term relationship between the client and contractor. This reduces the need for repeated negotiations for each individual project, saving time and resources. By having a consistent contractor, clients can ensure better quality control and smoother project delivery over multiple works.Best Practices for Managing Framework Agreements
Clients should clearly define the scope of works and pricing structure in the framework agreement to avoid misunderstandings. Regular reviews of contractor performance are important to ensure that quality standards are maintained. It’s also advisable to include flexibility in the agreement to allow for changes in project requirements over time.Related Terms: Supplier, Subcontract