Agreement Value In Contract

The precise requirements are not known and therefore consulting services are needed to assist in the development and provision of a marketing plan, etc. The purchase is above the EU threshold (in accordance with the aggregation rules) and, therefore, the purchase process 5 or the purchasing process 6 apply. As the requirements are not known, a framework agreement from a single supplier would be necessary to meet this requirement and, under the EU Public Procurement Directives, it can only be concluded for a period of four years. Another tendering procedure (which results in a framework agreement) should be implemented for the remaining two years if the requirement remains unchanged. The terms of a framework contract apply up to a specified period and cover a certain quantity or predefined value. The values change every two years, the next revision will take place on the 1st.