framework contract definition

framework contract means a payment service contract which governs the future execution of individual and successive payment transactions and which may contain the obligation and conditions for setting up a payment account;
framework contract means a contract whereby the procurement is made for a certain volume or quantity of a particular good, a set of goods, services or works over a specific period against an agreed sum or rate per item or lump sum.
framework contract means a public contract concluded between one or more economic operators and one or more contracting authorities, the purpose of which is to establish the terms governing specific contracts under it to be awarded during a given period, in particular with regard to price and, where appropriate, the quantity envisaged;

Examples of framework contract in a sentence

  • Legal relations not governed by this Framework Contract and any disputes hereunder shall be governed by provisions of the ordered Modules and the Annexes thereto and applicable Slovak law.

  • The present Framework Contract shall not cease to exist if only one of several Modules ceases to exist.

  • A change in the number of the ordered Modules, i.e. the process of ordering or cancellation of a Module shall involve an amendment of the present Framework Contract.

  • The present Framework Contract is made in two counterparts, each of which is deemed original, one for each Party.

  • The Parties understand that should provisions hereof and of the ordered Modules collide, the provisions of the Framework Contract shall prevail.


More Definitions of framework contract

framework contract means a pact between a procuring entity and a selected supplier (or suppliers) or contractor (or contractors) identified for a definite term to supply goods works or service whose quantities and deliveries are not definable or determinable at the beginning, with a commitment to order a minimum quantity of the required goods, works, or services
framework contract means a contract whereby the procurement is made for particular goods, a set of goods, services or work over a specific period against an agreed sum of rates
framework contract means a contract whereby the procurement is made for a certain volume of Works over a specific period against an agreed sum or rates per item or Percentage above or below the MRS or Lump Sum
framework contract the framework agreement established between CCS and the Supplier in accordance with Regulation 33 by the Framework Award Form for the provision of the Deliverables to Buyers by the Supplier pursuant to the notice published on the Find a Tender Service;
framework contract means a contract whereby the procurement is made for a certain volume or quantity of a particular good, a set of Goods, Goods or works over a specific period against an agreed sum or rate per item or lump sum. However, SWMC reserves the right to reduce the quantity of items or goods mentioned in schedule B at the time of issuance of Award Letter.
framework contract. : means the payment service contract that regulates the performance of payment services through the Customer's Current accounts opened with the Bank, consisting of:
framework contract is this agreement, which includes the Contract Data and Conditions of Contract appended to this Framework Contract, together with any Package Orders and \or any Time Charge Orders issued hereunder