How do IDIQ contracts work?
Indefinite delivery, indefinite quantity contracts provide for an indefinite quantity of services for a fixed time. They are used when GSA can’t determine, above a specified minimum, the precise quantities of supplies or services that the government will require during the contract period.
How long are IDIQ contract last?
5 years
FAR § 17.204(e) = The “periods” limit on service contracts = 5 years total. Mentions FAR 22.1002-1 FAR 22.1002-1 = Under title 41 U.S.C. 6707(d) “term of years” = not to exceed 5 years.
What is an IDIQ type contract?
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. IDIQs are also sometimes called “Task Orders” or “Delivery Order Contracts.”
How do I get on IDIQ?
To establish an IDIQ, Contracting Officers (COs) need to determine a minimum quantity, a reasonable maximum quantity, a fixed time period, and a Statement of Work (SOW). Although the term “indefinite” is used, reasonable thresholds are still established for contractors.
Is an IDIQ a fixed-price contract?
IDIQ contracts are often used to supplement or amend Fixed-Price or Cost-Reimbursement contracts in order to provide flexibility with regard to specific supplies, services or aspects of a project required by the government.
What is an IDIQ contract?
IDIQs help streamline the contract process and speed service delivery. IDIQ contracts are most often used for service contracts and architect-engineering services. Awards are usually for base years and option years.
What is a GSA IDIQ contract?
They are used when GSA can’t determine, above a specified minimum, the precise quantities of supplies or services that the government will require during the contract period. IDIQs help streamline the contract process and speed service delivery. IDIQ contracts are most often used for service contracts and architect-engineering services.
What is an indefinite quantity contract?
Indefinite Delivery, Indefinite Quantity Contracts. Indefinite delivery, indefinite quantity contracts provide for an indefinite quantity of services for a fixed time. They are used when GSA can’t determine, above a specified minimum, the precise quantities of supplies or services that the government will require during the contract period.
Is the Navy’s Military Sealift Command a contracting activity?
The Navy’s Military Sealift Command, Norfolk, Virginia, is the contracting activity (N3220521C4024).