In FAR terms, what is a “blanket purchase agreement”?

A "blanket purchase agreement" refers to a simplified method designed to fulfill anticipated repetitive needs for supplies or services, making option B the correct choice. This type of agreement streamlines procurement processes for the government by allowing agencies to establish a contract with a supplier that covers multiple purchases over a specified period without the need for issuing multiple individual contracts.

This approach is particularly valuable as it facilitates efficiency and cost savings, as purchases can be made quickly, and administrative processes are reduced. By utilizing a blanket purchase agreement, government entities can respond swiftly to ongoing needs without the delays associated with the formal bidding process for each individual requirement.

The other options do not capture the essence of a blanket purchase agreement accurately. For instance, a long-term contract for building construction does not fit the definition of a blanket purchase agreement, as it pertains to specific, substantial projects rather than repetitive purchases. Similarly, a temporary contract for emergency needs implies urgency and specificity but does not align with the predefined repetitive nature of a blanket purchase agreement. Lastly, a comprehensive agreement for major procurements suggests an extensive scope that goes beyond the straightforward functionality of a blanket purchase agreement, which is focused primarily on routine needs rather than major, singular procurements.