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Not if the order is based on pricing deemed reasonable under the base contract. Study with Quizlet and memorize flashcards containing terms like Indefinite quantity contract, definite quantity contract, requirements contract and more.
1. A multiple award task order contract entered into in accordance with FAR 16.504(c) or any other indefinite-delivery, indefinite-quantity contract that an agency enters into with two or more sources under the same solicitation. (DFARS 216.501-1)
Indefinite quantity contract Provides for an indefinite quantity, within stated limits, of supplies or services during a fixed period. The buyer places orders for individual requirements.
Get the Guide. Different Types of IDIQ Contracts. There are two primary types of IDIQ contracts, segmented by the number of companies that will receive an award from the federal government. These include single-award IDIQ contracts and multiple-award IDIQ contracts. Single-Award IDIQ Contracts.
What is an IDIQ: An IDIQ is a list of pre-vetted vendors who a government agency can buy products and services from quickly a efficiently. Each IDIQ lists the products and services that can be purchased through that IDIQ and the specificity varies, but tends to be pretty precise.
20 lut 2024 · February 20, 2024. IDIQ Contracts in Government Contracting. In the complex world of government procurement, Indefinite Delivery/Indefinite Quantity (IDIQ) contracts have emerged as a flexible and efficient contracting mechanism.
IDIQ contracts provide a method to order from existing agency indefinite-delivery contracts as well as contracts awarded by another agency (i.e. Government-wide Acquisition Contracts (GWACs) and Multi-Agency Contracts (MACs)).
