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21 results for “standing offer”.

Glossary

• Glossary Standing offer A Canadian arrangement where a supplier agrees to provide goods or services at set prices when asked, for a set period. It is not a contract until the buyer issues a call-up.
• Glossary Call-off contract A contract awarded under a framework agreement or standing offer for a specific job. The framework sets the terms; each call-off sets the work and price.
• Glossary Supplier list Any list of pre-approved suppliers a buyer invites to compete, such as a framework, panel, standing offer or vendor roster. Many IT contracts are only open to firms already on a list.