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In this video tutorial, "What is a Framework Part 1: The Basics," the concept of a framework agreement is discussed. A framework agreement is a type of contract typically involving multiple suppliers to establish a long-term relationship for delivering goods or services. The video highlights the benefits of frameworks for end users, emphasizing that they provide access to compliant agreements, streamline the procurement process, and reduce the time and effort required for tendering. Additionally, suppliers can offer competitive pricing due to the predictable business they receive, ultimately delivering good value to framework users.