framework agreement

agreement between an employer (3.15) and a contractor (3.9), the purpose of which is to establish the terms governing orders (3.20) to be awarded during a given period, in particular with regard to price and, where appropriate, the quantity envisaged

[SOURCE: ISO 10845-1:2020]

fraudulent practice

misrepresentation of the facts in order to influence the tender process, the award of a contract (3.7) arising from a tender offer (3.38) to the detriment of the employer (3.15), including collusive practices intended to establish prices at artificial levels, or the administration of the contract including compensation procedures

[SOURCE: ISO 10845-1:2020]

joint venture

two or more contractors (3.9) grouped together to carry out work and share the risks, where each is jointly and severally liable for the actions and work of the other

[SOURCE: ISO 6707-2:2017]

order

instruction to supply goods, carry out construction works and/or provide services under a framework agreement (3.17)

[SOURCE: ISO 10845-1:2020]

organization

company, firm, enterprise, association or other legal entity, whether incorporated or not, or public body

[SOURCE: ISO 10845-1:2020]

performance

ability to fulfil required functions under intended use conditions, behaviour when in use or impact on economic conditions, the environment, society or quality of life

[SOURCE: ISO 6082:2024]

price adjustment

amount to be added or to be deducted from the contract (3.7) price in accordance with the terms of the contract by way of allowances for increases or decreases in the costs of labour, plant, materials and/or equipment occurring during the performance of the contract

[SOURCE: ISO 10845-1:2020]

principal, noun

owner, partner, director or office bearer

[SOURCE: ISO 10845-1:2020]

procurement

process which creates, manages and fulfils contracts (3.7) relating to the provision of goods, services and construction works or disposals, or any combination thereof

[SOURCE: ISO 6707-2:2017]

procurement document

documentation used to initiate or conclude (or both) a contract (3.7)

[SOURCE: ISO 10845-1:2020]