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16.00048 CFR Ch. 1 (10107 Edition)16.502 Definite quantity contracts.
16.503 Requirements contracts.
16.504 Indefinite quantity contracts.
16.505 Ordering.
16.506 Solicitation provisions and contract
clauses.
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03
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04
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Who needs 502 definite-quantity contracts?
01
Government agencies and departments that require specific goods or services on a definite-quantity basis
02
Contractors or vendors who are capable of fulfilling the specific requirements outlined in the 502 definite-quantity contract
03
Organizations or businesses seeking to establish long-term agreements for the provision of goods or services
04
Entities involved in projects requiring a predictable quantity of supplies over a specified period of time
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What is 502 definite-quantity contracts?
502 definite-quantity contracts are contracts where the government purchases a specified quantity of supplies or services at specific times.
Who is required to file 502 definite-quantity contracts?
Contractors who have been awarded 502 definite-quantity contracts are required to file them.
How to fill out 502 definite-quantity contracts?
502 definite-quantity contracts should be filled out with accurate details of the supplies or services being purchased, along with the quantity and specific times of delivery.
What is the purpose of 502 definite-quantity contracts?
The purpose of 502 definite-quantity contracts is to streamline the procurement process for both the government and contractors.
What information must be reported on 502 definite-quantity contracts?
502 definite-quantity contracts must include information such as the quantity of supplies or services, delivery schedule, terms of payment, and any special requirements.
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