What is a Framework?
A purchasing framework is an ‘umbrella agreement’ that sets out the terms (particularly relating to price and quality) under which individual purchases (call-offs) can be made throughout the period of the agreement. Compliance with EU regulations is a consideration when the cumulative value of the purchases is likely to exceed a financial threshold set by the EU.
The main benefits of using a framework are:
- The panel of suppliers has already been vetted and approved, so the organisation can be assured of the supplier’s quality and capabilities.
- Every supplier has had to go through an EU-compliant competitive process in order to be appointed to the panel, ensuring that prices are as keen as possible.
- Where a panel has more than one supplier, the suppliers are engaged in constant and repeated competition for business throughout the life of the framework, which tends to keep them engaged.
- Tenet makes the buying process for each framework as straightforward as possible.
- The framework consolidates the purchasing power of lots of individual organisations, resulting in better prices and service.
- The organisation can rely upon Tenet’s advice, expertise and collective muscle when it experiences problems with suppliers.