CIPS Commercial Contracting L4M3 Question # 12 Topic 2 Discussion

CIPS Commercial Contracting L4M3 Question # 12 Topic 2 Discussion

L4M3 Exam Topic 2 Question 12 Discussion:
Question #: 12
Topic #: 2

A construction company is undertaking a housing development project. They need lots of bricks and other building materials, but the construction site doesn't have large area for storage of materials.Therefore, the company's suppliers must deliver the building materials with fixed quantity and at fixed time intervals. What type of contract is used between the construction company and its suppliers?


A.

Framework agreement


B.

Spot transaction


C.

One off contract


D.

Call off contract


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