Question:

What is mean by "annual consideration" in accounting terms?

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Just a basic accounting question I encountered while studying financial statements in Accounting. This is what the statement read:

The partner shall service and maintain the CDMA system

that it constructs pursuant to a Service Level Agreement (SLA) dated the same date as the Master of Procurement Partnership Agreement (MPPA) in return for the annual consideration of US$5.3 million.

Does the US$5.3 million figure refer to the SLA or the MPPA?

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  1. Get a magazine for free for learning more about Procurement. "Magazine for procurement officers and supply chain executives" Only from this link...

    http://procurement.warnetnews.com/2008/0...


  2. I believe it means that they will pay 5.3m every year of the SLA
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