Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Blanket Order”
  • Blanket Order

    An agreement to purchase goods from a specific supplier over a defined period of time, up to a maximum dollar amount. A blanket order generally includes established prices, terms, and conditions for a defined period of time, although without specifying quantities. Shipments are to be made when and as required by the purchaser, which, in certain cases, may be the end user. See also: Price Agreement, Schedule Contract, Systems Contract.



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