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Procurement contracts?often called purchase contracts?are contracts that establish a legally binding relationship between buyers and sellers that protects both entities throughout the procurement process.
The Software Licensing Program (SLP) was established in January 1994 and is administered by the Department of General Services, Procurement Division.
Leveraged Procurement Agreements (LPAs) allow departments to buy directly from suppliers through existing contracts and agreements. LPAs are available to California's state, county, city, special district, education, and other government entities.
Types of procurement contracts Fixed price contract. Cost reimbursement contract. Time & material contracts.
A limited partnership is a form of partnership similar to a general partnership, however, in addition to one or more general partners, there are one or more limited partners. It is a partnership in which only one partner is required to be a general partner.
Generally you'll come across one of three types of contract on a project: fixed price, cost-reimbursable (also called costs-plus) or time and materials.
SLP agreements are established to reduce the need for individual departments to conduct repetitive acquisitions for proprietary software licenses and software upgrades while taking advantage of the large volume discounts offered by the software publishers.