See Documentation Topics:
Create a Contract
Contracts Grid - View, Search, and Manage Contracts
Contract Pricing Types and Priority
Contracts in the Procurement Workflow
Contract Spend and Analytics
BuyerQuest Document Status and Workflows
Video: BuyerQuest Contracts
Watch the video for a details on how Contracts are created, managed, and manifested in the BuyerQuest platform.
Central Contract Repository
BuyerQuest provides a platform for creating, storing, managing, and operationalizing contracts and pricing terms for use by buying organizations.
All contracts are fully searchable, to allow easy look up by supplier, date, owner, amount, and status for both supplier and item-level (SKU) contracts.
BuyerQuest supports Supplier-Level, Item-Level, and Volume (Quantity) Discounts, in addition to Markups. See below for explanations of the various scenarios with examples.
Supplier-Level Volume Discounts
Spend amount-based discounts can be negotiated for amounts ordered in the aggregate for any products or services from a specific supplier. Buying organizations can negotiate contracts with a supplier to get discounts based on spend levels during a specific time frame, usually annually. Shown below is a sample schedule of amounts and discounts.
|$0 - $1000||2%|
|$1000 - $10000||5%|
Item-Level (SKU) Quantity Discounts
Discounts on specific items identified by SKU can be negotiated with Suppliers. The BuyerQuest platform supports import of item-level contracts that specify discounts at quantities purchased.
|10 - 99||2%||12345|
|100 - 199||5%||12345|
|5 - 49||2%||67890|
|50 - 99||5%||67890|
Spend Amount-Based Volume Discounts
Discounts for specific products or services when the amount spent reaches specified levels within a calendar year or other specified time frame.
|Spend Amount Range||Discount||SKU|
|0 - 1000||0%||137 - Brochure Prints|
|0 - 1000||0%||138 - Digital Prints|
|0||2%||400 - Graphic Design|
Quantity-Based Volume Markups
Often used by exchanges, group purchasing organizations, or third-party marketplace providers, markup pricing can be implemented per Supplier for a specific term and for specific items.
|0+||-3%||222 Abrasive Tape|
|0+||-5%||333 Electrical Plug|