Unify Quantity Contract For Free

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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 a requirements contract and when is it appropriate to use one?

(1) A requirements contract may be appropriate for ac- squiring any supplies or services when the Government anticipates recurring requirements but cannot predetermine the precise quantities of supplies or services that designated Government activities will need during a definite period.

What are the three different 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.

How does an ID IQ contract work?

An ID IQ contract provides for an indefinite quantity of a product or service, with stated limits, during a fixed period. This type of contract requires the government to order (and the contractor to furnish) at least a stated minimum quantity of supplies or services.

What is an ID IQ contract?

In U.S. Federal government contracting, ID IQ is an abbreviation of the term indefinite delivery/indefinite quantity. This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time.

What is the difference between IDQ and requirements contract?

FTA recommends an ID IQ approach with maximum quantities established in the contract, rather than an “open-ended,” requirements-type contract where no maximum quantity is stated.

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.

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