Agreements comprise a description of the requirements, a list of suppliers who have been evaluated as capable of delivering against the requirements, and standard contract terms.
Agreements can be divided into lots by product or service type.
You can buy from an agreement in various ways, such as direct award, or a further competition among the suppliers who will bid for the business.
An agreement contains suppliers’ maximum prices for the goods or services described in the lots. You can reduce prices by running a further competition.