What does sap stand for in contract?

Simplified Acquisition Procedures (SAP) ( FAR Part 13) are designed for the purchase of relatively simple supply or service requirements. It is a contracting method that seeks to reduce the amount of work the government must undertake to evaluate an offer. SAP is supposed to be used to the maximum extent practicable for all purchases of ...

What is SAP quantity contract?

Quantity Contract. In SAP sales agreements are referred to as quantity contracts (CQ). It is an agreement which states that the customer will buy a certain quantity of a product within a specified period, usually in exchange of special prices or discounts.

What is outline agreement in SAP?

Outline Agreement in SAP, Tables, Tcodes & Menu path. Outline agreements are the long term mutual agreements between client & vendor related to a purchase. It contains the details about purchasing items, price and other term & conditions. SAP Outline Agreements coming under mainly in MM (Material Management) & SD (Sales & Distribution) module.