IDIQ is the acronym for "indefinite delivery/indefinite quantity" in U.S. federal government contracts. This kind of contract calls for an unspecified amount of products or services to be provided over a specific time frame. IDIQs are often referred to as "Delivery Order Contracts" or "Task Orders."
Participants in the interviews reported that IDIQ contracts allow for flexible delivery scheduling, lower preconstruction expenses, and faster project delivery. Additionally encouraging price competition and lowering the risk of contractor failure are multiple-award IDIQ contracts.
An IDIQ is designed to give the government the option of choosing a single or group of certified vendors in a certain sector. These suppliers will submit bids for work orders that will subsequently be made available.
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