Q:
What is a call-off contract?
A:
Quick Answer
A call-off contract specifies terms, conditions and prices with suppliers of goods and services. These umbrella contracts are long term from 3 to 5 years, and the contract is legally binding.
Continue Reading
Credit:
Paul Bradbury
OJO Images
Getty Images
Full Answer
One example of this umbrella-type contract is ongoing repair work, such as that required at apartment complexes or office buildings. The purchase of office supplies or consumables is another example, as well as purchasing and replacing IT equipment. Public tendering with competitive bidding is not necessary with call-off contracts. A major benefit is contractual certainty; the client is assured a long-term commitment to its project and the suppliers secure long-term work.
Learn more about Business CommunicationsSources:
Related Questions
-
Q:
How are purchase order forms used?
A: Purchase order forms contain valuable information regarding a buyer-seller agreement of goods or services, and must be filled out in full to specify terms ... Full Answer >Filed Under: -
Q:
What does a contract look like?
A: The most basic elements necessary to make a contract legally binding include a clear offer from one party and clear acceptance by the other, either in the ... Full Answer >Filed Under: -
Q:
How do you write a contract letter?
A: A contract letter should include information such as the description of the project, terms, parties involved and timeline. The goal of a contract letter is... Full Answer >Filed Under: -
Q:
How to write a sponsorship proposal?
A: Sponsorship proposals should include seven key sections: sponsorship opportunity, marketing objectives, measures of success, value to sponsor, innovative m... Full Answer >Filed Under:
You May Also Like
-
Q:
What should the format of a resignation letter be?
-
Q:
How do you write a resignation letter when leaving a nursing position?
-
Q:
How do stereotypes affect communication?
-
Q:
What are the effects of poor communication in an organization?
-
Q:
How do you word a congratulatory retirement letter?
-
Q:
What are some free sample response letters to business clients?
