Description : VISTA college intends to conclude one (1) framework agreement with one (1) contractor, who will think along as a partner about innovative and sustainable (personalized) promotional items. The intended start date of this agreement is October 1, 2025 and has an initial term of two (2) years, after which the framework agreement can be extended twice (2) by one (1) year (2+1+1). The estimated value of the framework agreement is € 450,000 excluding VAT. VISTA college is entitled to terminate the framework agreement if it has spent the stated maximum value on assignments under this framework agreement before the end of the agreed contract term. If VISTA college makes use of this option, VISTA college will not owe any costs or compensation to the contractor/supplier. Since a framework agreement does not entail a purchase obligation, the tenderer cannot derive any rights from the estimated value in the context of purchase.
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What is the procurement trend for Description VISTA college intends to conclude one (1) framework agreement with one (1) contractor, who will think along as a partner about innovative and sustainable (personalized) promotional items. The intended start date of this agreement is October 1, 2025 and has an initial term of two (2) years, after which the framework agreement can be extended twice (2) by one (1) year (211). The estimated value of the framework agreement is 450,000 excluding VAT. VISTA college is entitled to terminate the framework agreement if it has spent the stated maximum value on assignments under this framework agreement before the end of the agreed contract term. If VISTA college makes use of this option, VISTA college will not owe any costs or compensation to the contractorsupplier. Since a framework agreement does not entail a purchase obligation, the tenderer cannot derive any rights from the estimated value in the context of purchase.?
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