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In this video, "What is a Framework Part 1: The Basics," the concept of a framework agreement is explained. A framework agreement is a multi-supplier contract designed to establish long-term relationships with suppliers for delivering goods or services over time. Frameworks are beneficial to end users as they provide access to compliant agreements and allow for appropriate spending without extensive due diligence. The tendering process, which can be time-consuming, is streamlined when using a framework. Additionally, suppliers can offer competitive pricing knowing their business scope, which ultimately delivers good value to users of the framework.
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