Blanket Purchase Order (BPO), Glossary and Terms, Miscellaneous Construction Contractors
List of United States Construction Contractors
"Blanket Purchase Order (BPO)"
Also called a Blanket Purchase Agreement. An arrangement under which a purchaser contracts with a vendor to provide the purchaser's requirements for an item(s) or a service, on an as-required and over-the-counter basis. Properly prepared, such an arrangement sets a limit on the period of time it is valid and the maximum amount of money that may be spent at one time or within a specified period and specifically identifies these persons authorized to accept goods.
Construction Contractors glossary and terms by letter