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A construction company is undertaking a housing development project.

A construction company is undertaking a housing development project. They need lots of bricks and other building materials, but the construction site doesn't have large area for storage of materials.Therefore, the company's suppliers must deliver the building materials with fixed quantity and at fixed time intervals. What type of contract is used between the construction company and its suppliers?

A.

Framework agreement

B.

Spot transaction

C.

One off contract

D.

Call off contract

CIPS L4M3 Summary

  • Vendor: CIPS
  • Product: L4M3
  • Update on: Jul 30, 2025
  • Questions: 196
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