chaitanya

• Sep 24th, 2011

 

CONTRACT PURCHASE ORDER:(CPA)

contract purchase agreement is a long term agreement that u will have with your supplier based on the agreement time and duration.

In CPA u will only enter supplier information.

If material is in the organisation u will create standard purchase order with reference of CPA number.

U will receive the quantity into the organisation based on standard purchase order.

CHAITANYA.CH

venkat

• Oct 16th, 2011

 

You create contract purchase agreements with your suppliers to agree on specific terms and conditions without indicating the goods and services that you will be purchasing. You can later issue standard purchase orders referencing your contracts, and you can encumber these purchase orders if you use encumbrance accounting

sunita

• Mar 7th, 2012

 

Contract purchase agreements are created for suppliers to agree on specific terms and conditions without indicating the goods and services that u will be purchasing,

murali

• Feb 25th, 2015

 

Purchase agreement is created only after price & item freezed with long term basis,without indication of quantity,after agreemner approval,buyer can release order based on schedule

Somendra Singh

• Feb 27th, 2018

 

Contract Purchase Agreement is a kind of PO which is used when we are not confirmed for the services to be used or material to be purchased but in contract PO we can buy/use as many services by supplier company for the agreed amount and a Standard PO is being made against Contract PO