Indefinite Delivery Indefinite Quantity Contract
/ˌɪndɪˈfaɪnɪt dɪˈlɪvəri ˌɪndɪˈfaɪnɪt ˈkwɒntɪti ˈkɒntrækt/
Definitions
- (n.) A type of government contract that provides for an indefinite quantity of supplies or services during a fixed period, with delivery orders placed as needed.
The agency secured an indefinite delivery indefinite quantity contract to acquire IT services over the next five years.
Forms
- indefinite delivery indefinite quantity contract
- indefinite delivery indefinite quantity contracts
Related terms
See also
Commentary
Often abbreviated as IDIQ, these contracts offer flexibility in acquisition volume and timing, requiring clear terms on minimum and maximum order quantities to avoid procurement disputes.
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