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In this video tutorial, "What is a Framework Part 1: The Basics," the concept of a framework agreement is explained. A framework agreement is a multi-supplier contract that establishes long-term relationships with suppliers for the delivery of goods or services over time. Frameworks are beneficial for end users as they provide access to compliant agreements, allowing for appropriate spending without extensive due diligence. The tendering process can be time-consuming, so utilizing a framework streamlines legal procurement. Additionally, suppliers can offer competitive pricing due to likely business continuity, resulting in significant value for framework users.