Glossary

We understand that procurement can be confusing. Organisations often use different terms to describe the same thing. With that in mind, we designed this glossary to make buying with us and navigating our website easier. It is not designed to be an extensive list of all procurement terms.

Containing

• commercial agreement

C

Commercial Agreement Manager

A Commercial Agreement Manager (CAM) is the person who manages the commercial agreement.

Commercial agreement

Under the PCR 2015 regulations a commercial agreement refers to both a framework agreement and a Dynamic purchasing system (DPS).

Under the Procurement Act 2023, a commercial agreement can refer to a closed framework, an open framework or a dynamic market.