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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)
Study with Quizlet and memorize flashcards containing terms like 3 Types of Indefinite Delivery Contracts, Definite Quantity, Definite Quantity - Application and more.
In U.S. Federal government contracting, IDIQ is an abbreviation of the term indefinite delivery/indefinite quantity. This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time.
20 lut 2024 · IDIQ stands for Indefinite Delivery/Indefinite Quantity, a type of contract that does not specify exact quantities or delivery times at the time of award. Instead, it provides for an indefinite amount of supplies or services during a fixed period, with deliveries or performance to occur when ordered by the government.
22 gru 2023 · The Federal Acquisition Regulation (FAR), located at Title 48 of the Code of Federal Regulations, defines an IDIQ contract as one that “provides for an indefinite quantity, within stated limits, of supplies or services during a fixed period. The Government places orders for individual requirements.”.
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)).
