What Does BOA Stand For?
BOA stands for Basic Ordering Agreement
A Basic Ordering Agreement (BOA) is a type of contract used in procurement that establishes a framework for future orders between a buyer and a seller. It provides the terms and conditions under which the buyer can place orders over a specified period without needing to negotiate the details for each individual transaction. This agreement streamlines the purchasing process, enhances efficiency, and fosters a collaborative relationship between the parties involved.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym