Elements and Performance Criteria
- Identify potential intermediaries
- Determine acceptability
- Information provided with an application is checked to determine reliability, completeness and relevance
- Proposed trading arrangements are assessed for compliance with industry code of practice and relevant legislation
- Credentials are checked through appropriate agencies to ensure acceptability within organisation assessment criteria and recommendations made based on a valid assessment of information against acceptability criteria
- Determine terms and conditions of trade
- Terms and conditions of trade are determined to reflect the legal and commercial responsibility of the organisation and intermediary
- Terms of trade incorporate method of operation, duties and responsibilities of both parties and defined in compliance with industry code of practice and relevant legislation
- Convey the decision and terms of trade
- Negotiate variations where appropriate and document and confirm arrangements
- Variations are negotiated within authorities and an acceptance by both parties to outcome evidenced in writing to confirm understanding
- Agreements are prepared in writing using predetermined formats to evidence contractual relationship
- A statement of intent is prepared where appropriate to reflect commercial understandings
- Agreement documentation is filed and system records created and/or updated promptly