Document background
The Multi Supplier Framework Agreement serves as a strategic procurement instrument designed to streamline the acquisition of goods, services, or works from multiple pre-qualified suppliers. This document type is particularly valuable when organizations need flexibility in supplier selection while maintaining standardized terms and competitive pricing. Used extensively in both public and private sectors in Hong Kong, it establishes a compliant procurement framework that adheres to local regulations while incorporating international best practices. The agreement typically covers an initial period of 3-5 years and includes detailed provisions for call-off procedures, performance monitoring, pricing mechanisms, and supplier rotation. It's especially suitable for organizations dealing with regular procurement needs where having multiple suppliers provides advantages in terms of capacity, specialization, or risk management. The framework structure allows for efficient procurement while ensuring compliance with Hong Kong's legal requirements, including the Competition Ordinance and procurement regulations.
