What is the validity period of the the framework agreement on bulk-purchasing in Vietnam?
What is the validity period of the the framework agreement on bulk-purchasing in Vietnam?
Hello Lawnet. I have a question related to framework agreement on bulk-purchasing. What is the validity period of the the framework agreement on bulk-purchasing in Vietnam? Thank you!
Pursuant to Article 45 of the Law on Procurement in 2013 stipulating framework agreement on bulk-purchasing in Vietnam as follows:
1. Framework agreement in the centralized procurement means a long-term agreement between the centralized procurement unit with one or many selected bidders, in which include standards and conditions as basis for procurement according to each specific contract.
2. Duration for use of framework agreements shall be stipulated in plan on bidder selection but not exceed 03 years.
As regulations above, duration for use of framework agreements shall be stipulated in plan on bidder selection but not exceed 03 years.
Thank you!
