Contract Types
10 Australian procurement terms related to contract types, including Contract Variation, Deed of Agreement, Fixed Price Contract, Framework Agreement and more. Plain-language definitions for government tendering.
10 terms in this category
All Contract Types Terms
Contract Variation
A formal amendment to an existing government contract that changes one or more of its terms, such as scope, price, timeframe, or deliverables, agreed by both the agency and the supplier.
Deed of Agreement
A formal legal instrument used in Australian government procurement that creates binding obligations between the agency and supplier, distinguished from a simple contract by its execution requirements and enforceability characteristics.
Fixed Price Contract
A contract where the supplier agrees to deliver the specified goods, services, or works for a set price that does not change regardless of the actual costs incurred during delivery.
Framework Agreement
A pre-established arrangement between a government agency and one or more suppliers that sets the terms and conditions for future procurement, without committing to specific quantities or timing.
Key Performance Indicators KPIs
Measurable benchmarks written into government contracts that define the expected standards of service delivery, used to monitor supplier performance and trigger contractual remedies if not met.
Liquidated Damages
Pre-agreed financial amounts specified in a contract that a supplier must pay to the procuring agency for each day or instance of delay or non-performance, representing a genuine pre-estimate of loss.
Novation
The legal process of transferring all rights and obligations under a government contract from one supplier to another, requiring the consent of the procuring agency and effectively substituting a new party into the existing contract.
Panel Contract
A contract awarded to a supplier who has been appointed to a government panel, governing the terms under which work orders or assignments will be issued and delivered throughout the panel period.
Period Contract
A contract for the provision of goods or services over a defined period of time, typically with agreed rates or pricing, where the exact volume of work is not predetermined.
Subcontracting
The practice where a supplier who has been awarded a government contract engages another business to deliver part of the contracted work, while remaining responsible to the government agency for the overall delivery.
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