Framework Agreements make global trading a more efficient and agile process. These long term contracts are agreements for the purchase of goods and contracting of services. Framework Agreements are negotiated between ITS and original equipment manufacturers, producers, licensed distributors, and certified service providers which allow PEMEX and its subsidiaries to effectively purchase/contract equipment, parts, information technology, consumables, repairs, maintenance, and other products/services, while strictly complying with PEMEX’s legal Framework and internal regulations.
What is a Framework Agreement?
A Framework Agreement is a legal instrument executed initially between ITS and suppliers who are owners of exclusive proprietary technology and/or their exclusive representative.
The terms and conditions of the Framework Agreement are pre-negotiated and apply to all future contracting by the end users via the Framework Agreement.
After the Agreement is signed, PEMEX and its subsidiaries become legal parties to it via a notice of accession and then issue orders to suppliers.
Framework Agreements are used by PEMEX and its subsidiaries to implement strategic sourcing.
Benefits that these agreements offer to PEMEX:
Provide an effective and efficient means for purchasing goods and services under an international procurement framework
Allow them to leverage their spend volume
Establish electronic delivery of purchase orders
Secure standardized best terms and conditions that would apply throughout the enterprise
Drastically reduce paperwork and delivery times
Accomplish a one-time comprehensive negotiation of terms and conditions
Benefits to Suppliers and Service Providers:
Pre-negotiated and standardized terms and conditions
Better payment terms
Better delivery terms
Reduced transportation risks (or none in some cases)
Proof of delivery is obtained directly by ITS (depending on delivery term)
We coordinate the worldwide logistics of PEMEX’s purchases with a door-to-door solution by using all reliable modes of commercial transportation available today. Whether a routine shipment, a just-in-time delivery program, or an urgent need, ITS provides added value logistics services.