The Binding Agreements App is part of the Elfur digital platform. It replaces the Excel spreadsheets previously used to collect information on institutional binding agreements. With the app, agreements can be registered as soon as they are signed and managed in one place. It provides a clear overview of active agreements, agreements in progress and historical agreements. It is also easy to maintain information from year to year, for example by updating status, extending or terminating agreements. The app reduces manual work and lowers the risk of errors by using a standardised data format. This improves data quality and provides a more reliable basis for analysis and decision-making within the public sector.

Which agreements should be registered?

All agreements that:

• are valid for 30 days or longer, or

• involve regular transactions (for example, five times per year).

One-off purchases are excluded unless their value exceeds ISK 21 million.

Agreement types

• Lease agreements

  • Estimated payments under leases with Government Property Agency, other public bodies or private parties.

  • Includes leases of property, vehicles, equipment and other tangible assets in line with IPSAS 43.

• Operational and service agreements

  • Estimated payments under agreements with contractors for specific operational tasks or services.

• Grant and partnership agreements

  • Agreements covering payments in the form of grants or contributions for specific projects, subject to defined conditions.

• Other agreements

  • Agreements that do not fall under the categories above.