Indefinite-Delivery, Indefinite-Quantity Contract (IDIQ Contract)

Indefinite-Delivery, Indefinite-Quantity Contract (IDIQ Contract)

Definition

Authorized under the Federal Acquisition and Streamlining Act of 1994 (FASA), an IDIQ contract allows the government to award an overarching task-and-delivery contract to multiple awardees and then conduct limited competition between the awardees for particular task-and-delivery orders. IDIQ contracts cover a fixed period of time and must contain a defined minimum quantity and an estimated maximum quantity.

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