Indefinite-Delivery Contract
/ˌɪndɪˌfaɪnɪt dɪˈlɪvəri ˈkɒntrækt/
Definitions
- (n.) A government contract type designed to provide for an indefinite quantity of supplies or services during a fixed period.
The agency awarded an indefinite-delivery contract to several firms to ensure supply availability throughout the year.
Forms
- indefinite-delivery contract
- indefinite-delivery contracts
Related terms
See also
Commentary
Indefinite-delivery contracts are often used to streamline procurement without committing to a precise quantity; precise quantities and prices are set through task or delivery orders.
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