The GSA is delighted to be announcing the publication of the GSA standard terms for professional and IT services– and you’re invited to the launch!
This is believed to be a UK industry-first launch of a framework agreement for professional and IT services, which has been developed by an industry body, top tier law firms and a legal technology provider to represent the views of both the buyer and provider and come to a balanced contract.
Draft Industry Standard Terms were launched at pioneering law firm Ashurst LLP’s offices in Q4 2022 and have been circulated across the sourcing eco-system as part of the industry consultation process and feedback incorporated to ensure the Standard Terms are representative and fit for purpose.
The GSA Standard Terms have been developed to address a number of significant issues and deliver numerous benefits to both buyers and providers around the world. The benefits include:
1. reduced time in negotiation,
2. reduced fees in contracting,
3. accelerated time to commence projects,
4. a level playing field for smaller diverse suppliers,
5. security for all parties, large and small, to be confident that they are working to a fair contract,
6. a way for both parties to focus their resources on contract terms that are important to them,
7. gives control back to business users
Join us at the launch at 16:00 on the 23rd May at RPC, Tower Bridge House, St Katharine's Way, London E1W 1AA
