Framework companies may be invited to submit proposals for each call, allowing the borrower to choose the most qualified advisor to meet the individual needs of each project. The borrower may establish its own framework contract or use an existing contract drawn up by the ADB or other entities, subject to verification and approval by the ADB. A framework agreement is a procurement modality that can lead to reasonable value for money and time savings if a large volume of advisory services is provided. This guide outlines the advantages and limitations of the structure of the framework agreement and the key factors to consider when developing a framework agreement. It also explains how an exporting body can establish its own framework agreement or withdraw it from a framework agreement established by the ADB and how individual contracts or “calls” are concluded and managed under a framework agreement. Pre-set fees also set costs for the duration of the framework contract and give borrowers a certain degree of security in their advisory budget for each project. Framework agreements allow the exporting company to award contracts more quickly and use consultants on an as-needed basis, without having to go through a comprehensive procurement process whenever a consultant is needed, saving time in contract negotiations and administration. This guide describes the main factors to be taken into account when drawing up framework agreements and how they can be structured to ensure a fair quality-price balance. A framework consulting contract is an agreement that allows an exporting company to call on one or more qualified advisors or consultants for several planned consulting contracts. KPMG (India), in collaboration with R.G. Manabat & Co.
(Philippines) KPMG Taseer Hadi & Co (Pakistan) KPMG Hong Kong (Hong Kong, China) KPMG Advisory (China) Limited (China, People`s Republic) KPMG LLP (UK) (United Kingdom) KPMG Services Pte. Ltd. (Singapore) KPMG Management & Risk Consulting Sdn Bhd (Malaysia) PT KPMG Siddharta Advisory (Indonesia) The performance of IDC/FA consultants will be evaluated at the end of each IDC/FA contract. Open-ended supply contracts (IDCs)/Framework contracts (FAS) are contracts in which consultants, companies or individual consortia of companies are pre-qualified and retained for a maximum period of four years in order to provide advice on a given activity for which the scope, value and date cannot be defined in advance. At the time of the creation of the panel of pre-qualified companies, there is no income guarantee and no deduction is paid. .