Global Standard for Procurement and Supply

Current segment

Level: Operational

Theme: Contracting

Segment 5.2 Developing Contracts with Suppliers

Segment 5.2 Developing Contracts with Suppliers

Knowledge: Will know and understand Capabilities: Will be able to

The main types of contracts and agreements including:

  • The use of spot purchases
  • Term contracts
  • Framework agreements (or blanket orders/panel agreements)
  • Call offs

Develop appropriate agreements with internal stakeholders that consider both short and long term implications

The documentation that is used to create commercial agreements for the supply of goods or services. How to complete contract documentation, including:

  • The specification
  • Key performance indicators (KPIs)
  • Contract terms
  • Pricing schedule
  • Other schedules (such as for health and safety, use of sub-contractors, non disclosure/confidentiality agreements)

Contribute to the completion of documentation used to form commercial agreements

The sources of express terms that can be used to regulate contracts made for the supply of goods or services, including:

  • The use of standard or specialised terms of procurement
  • Model form contracts
  • Bespoke contracts

Select appropriate contract terms for the supply of goods or services, and provide advice about these to colleagues and other internal stakeholders

The legal issues that relate to the creation of commercial agreements with customers or suppliers, including offers, counter offers and acceptance

Review processes and procedures for creating contracts to ensure that all legal requirements are complied with and recommend any changes required

Core clauses in commercial agreements with customers or suppliers, including:

  • Indemnities and liabilities
  • Sub-contracting and assignment
  • Insurances
  • Guarantees
  • Liquidated damages
  • Payment
  • Delivery and completion

Interpret the core clauses of commercial agreements with customers or suppliers and provide advice to colleagues and other internal stakeholders on them

Key provisions of legislation that relate to contracts for the supply of goods and services, including:

  • Quality
  • Delivery
  • Payment
  • Passing of property
  • Compensation

Ensure contracts for the supply of goods and services comply with relevant legislation

The importance of debriefing unsuccessful suppliers and of implementing transition arrangements to commence contracts

Ensure that approvals and debriefings are used appropriately to inform future contract letting processes

Knowledge: Will know and understand

The main types of contracts and agreements including:

  • The use of spot purchases
  • Term contracts
  • Framework agreements (or blanket orders/panel agreements)
  • Call offs
Capabilities: Will be able to

Develop appropriate agreements with internal stakeholders that consider both short and long term implications

Knowledge: Will know and understand

The documentation that is used to create commercial agreements for the supply of goods or services. How to complete contract documentation, including:

  • The specification
  • Key performance indicators (KPIs)
  • Contract terms
  • Pricing schedule
  • Other schedules (such as for health and safety, use of sub-contractors, non disclosure/confidentiality agreements)
Capabilities: Will be able to

Contribute to the completion of documentation used to form commercial agreements

Knowledge: Will know and understand

The sources of express terms that can be used to regulate contracts made for the supply of goods or services, including:

  • The use of standard or specialised terms of procurement
  • Model form contracts
  • Bespoke contracts
Capabilities: Will be able to

Select appropriate contract terms for the supply of goods or services, and provide advice about these to colleagues and other internal stakeholders

Knowledge: Will know and understand

The legal issues that relate to the creation of commercial agreements with customers or suppliers, including offers, counter offers and acceptance

Capabilities: Will be able to

Review processes and procedures for creating contracts to ensure that all legal requirements are complied with and recommend any changes required

Knowledge: Will know and understand

Core clauses in commercial agreements with customers or suppliers, including:

  • Indemnities and liabilities
  • Sub-contracting and assignment
  • Insurances
  • Guarantees
  • Liquidated damages
  • Payment
  • Delivery and completion
Capabilities: Will be able to

Interpret the core clauses of commercial agreements with customers or suppliers and provide advice to colleagues and other internal stakeholders on them

Knowledge: Will know and understand

Key provisions of legislation that relate to contracts for the supply of goods and services, including:

  • Quality
  • Delivery
  • Payment
  • Passing of property
  • Compensation
Capabilities: Will be able to

Ensure contracts for the supply of goods and services comply with relevant legislation

Knowledge: Will know and understand

The importance of debriefing unsuccessful suppliers and of implementing transition arrangements to commence contracts

Capabilities: Will be able to

Ensure that approvals and debriefings are used appropriately to inform future contract letting processes

This segment was last updated on: 20th May 2021

The Global Standard for Procurement and Supply structure

Released in 2014 the Standard is a competency framework of procurement and supply skills, knowledge and capabilities that can be used by individuals and organisations to identity training and professional development needs at varying levels of competency.

The Global Standard for Procurement and Supply structure
×