Rhode Island Master Vendor Services Agreement

State:
Multi-State
Control #:
US-13236BG
Format:
Word; 
Rich Text
Instant download

Description

A master service agreement, sometimes known as a framework agreement, is a contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements. A master agreement permits the parties to quickly enact future transactions or agreements, negotiating only the points specific to the new transactions and relying on the provisions in the master agreement for common terms.
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FAQ

OSP offers an electronic procurement process for vendor registration, requisitioning, bidding, purchase orders, contract management and invoicing.

What is a Master Price Agreement, or MPA? 2192 MPA is the acronym for Master Price Agreement. MPAs cover requirements for universal need for goods or services for a specified contract period on a state-wide basis.

Excellence in public cooperative contracts NASPO ValuePoint is a cooperative purchasing program facilitating public procurement solicitations and agreements using a lead-state model.

National Association of State Procurement Officials - NASPO.

Price Agreement/Master Price Agreement means an indefinite quantity contract that requires the Contractor to furnish products or services to a Purchasing Entity that issues a valid Purchase Order.

Procurement involves every activity involved in obtaining the goods and services a company needs to support its daily operations, including sourcing, negotiating terms, purchasing items, receiving and inspecting goods as necessary and keeping records of all the steps in the process.

Cooperative contracts also known as cooperative procurements or cooperative agreements are agreements between the government and businesses, created in order to lower the costs of procuring goods or services that multiple entities commonly need.

Master Agreement (MA means a document that establishes a price agreement for use by state agencies with a vendor for supplying specific goods and services at specific unit prices during a specified time period. It does not place an order for goods and services.

What Is Procurement? Procurement is the act of obtaining goods or services, typically for business purposes. Procurement is most commonly associated with businesses because companies need to solicit services or purchase goods, usually on a relatively large scale.

The mileage purchase agreement (MPA) idea is simple: Use the savings of driving an electric vehicle to reduce the up-front cost of buying an electric car.

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Rhode Island Master Vendor Services Agreement