Regarding framework agreements
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Currently, it is common for many projects in China to conclude framework agreements. Such as bulk materials, spare parts, and the consumption of various reagents, etc. But many framework agreements have good intentions, yet various problems arise during their implementation. Please share, complain, and give your feedback on the framework agreements you have encountered so far.
There are several types of framework agreements； 1. Pricing, which is equivalent to establishing a micro supply warehouse ； Purchasing later ensures that there will be no failure to win the bid ； Save time and costs on bidding. 2. Fixed rate, with the same function as above. 3. No pricing, which is equivalent to only conducting a prequalification process.
A framework agreement generally offers mutual benefits for both parties, but whether there is a specific agreement or not – many details need to be agreed upon within the framework; otherwise, the framework is useless
This is better than empty strategic cooperation agreements