Blanket Purchase Order (BPO), Glossary and Terms, Miscellaneous Construction Contractors

U.S 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

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