Document background
The Preferred Vendor Contract is utilized when organizations seek to establish long-term, strategic relationships with key suppliers in Singapore. This agreement type provides a structured framework for preferential business arrangements, including volume-based pricing, service level commitments, and exclusive supply terms. Under Singapore law, these contracts must comply with local commercial legislation while addressing specific business needs such as quality standards, delivery terms, and performance metrics. The document is particularly valuable for organizations looking to streamline their procurement processes and secure favorable terms with reliable suppliers.
