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- A blanket purchase order is an initial offer from a client to buy from a supplier, which becomes a binding contract once accepted1.
- Contracts are used to pay for goods and services, while purchase orders are mostly used for single short-term purchases2.
- When a contractor receives a purchase order, it becomes a contract, but not all contracts are purchase orders3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A blanket purchase order is not exactly the same as a contract. In the beginning, it’s closer to a requisition order. It’s an offer from a client to buy from a supplier and marks the start of the purchasing process. Once accepted by the vendor, it then becomes a binding contract and a legal document.tipalti.com/procurement-hub/blanket-purchase-order/A blanket purchase order and a contract are both useful tools in the purchasing process, but they serve different purposes. While contracts are used to pay for goods and services, purchase orders are mostly used for single short-term purchases made.www.mooninvoice.com/blog/contract-vs-purchase-…But just to be clear, when a contractor receives a purchase order, it becomes a contract. But not all contracts are purchase orders. Purchase orders may cross-reference the terms of a negotiated contract. The blanket purchase order, which reflects the buyer’s offer to a supplier, is a business document and not a legal document.www.scmdojo.com/what-is-a-blanket-purchase-ord…- People also ask
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