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What is a definite quantity contract?
(a) Description. A definite-quantity contract provides for delivery of a definite quantity of specific supplies or services for a fixed period, with deliveries or performance to be scheduled at designated locations upon order.
What is a definite quantity contract and when can one be used?
A definite-quantity contract may be used when it can be determined in advance that (1) a definite quantity of supplies or services will be required during the contract period and (2) the supplies or services are regularly available or will be available after a short lead time.
What is an indefinite quantity contract and when is it appropriate to use one?
An indefinite-quantity contract may be used when the Government cannot predetermine, above a specified minimum, the precise quantities of supplies or services that the Government will require during the contract period, and it is inadvisable for the Government to commit itself for more than a minimum quantity.
What are the three types of indefinite delivery contracts?
There are three types of indefinite delivery contracts: definite quantity, indefinite-quantity and requirements contracts. All three are used to acquire supplies and/or services when the exact times and/or exact quantities of future deliveries are not known at the time of contract award.
When would you use an indefinite delivery contract?
Indefinite delivery, indefinite quantity contracts provide for an indefinite quantity of services for a fixed time. They are used when GSA can't determine, above a specified minimum, the precise quantities of supplies or services that the government will require during the contract period.
What is a definite contract?
definite term contract. Purchase contract that continues for a specified fixed period usually not less than one year and not more than ten years.
What is a 2 year fixed term contract?
Fixed term contract are contracts that last for a specified time, or will end when a specified task or event has been completed. Fixed term workers who work continually for the same employer for two years or more may have the same redundancy rights as a permanent employee.
What is the difference between permanent and fixed term contract?
Fixed-term contracts are a way they can flexibly take on staff. Fixed-term employees will be paid in the same way as permanent employees and pay the full amount of income tax and national insurance under Pay as your Earn (PAYE), just like permanent employees do.