What is the difference between a blanket purchase order and the framework order?
Answer / Ram Prasad
A Blanket Purchase Order (BPO) is an agreement that covers multiple deliveries of the same material over a specific time frame, but without specifying individual delivery dates. Each delivery within the BPO has its own separate Goods Issue and Goods Receipt documents.nFramework Orders (FKPO) are similar to BPOs but are typically used for long-term agreements with multiple materials and various suppliers. Unlike BPOs, Framework Orders require a separate purchase order to be created for each delivery.
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Hi the Value of Free Issue material in the Service Order being Prepared for works contract of Commercial or industrial construction. This value of Free issue Material is only for the purpose of calculating the service tax and is not to be added in the actual Expense or in crediting to vendor. It is only for statistical Purpose. Kindly note that value of Free Material shall be absolute value and not in %. appreciate your response
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