| Description: |
An agreement awarded to a commercial supplier. An agreement is a written instrument of understanding following negotiations between an agency, contracting activity, or contracting office and a contractor, where terms, such as pricing and/or discounts have been negotiated. An agreement does not guarantee a purchase volume, level, or value to the supplier; however, contains contract terms and clauses applying to future contracts between the parties during its term; a description, as specific as practicable, of supplies or services to be provided; and methods for pricing, issuing, and delivering future contracts or orders under the agreement. It may include comprehensive terms and conditions, performance criteria or service level requirements that are expected and agreed to. Future contracts or orders will incorporate by reference or attachment the required and applicable clauses agreed upon in the agreement. An agreement is not a contract or order. |
| Manual Description: |
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