Reconstruct Quantity Contract
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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.
What is a definite delivery contract?
Description: A definite-quantity contract (FAR 16.502) 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 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.
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 delivery contract?
A delivery contract, or delivery order contract, is an agreement that provides for delivery orders of property. A delivery contract, or delivery order contract, is an agreement that provides for delivery orders of property. It usually doesn't specify an exact quantity, outside a minimum or maximum amount.
What is the difference between a BPA and an ID IQ contract?
A BPA is an agreement, not a contract. Each Call must be funded. On the other hand, an ID IQ is a type of contract in which the exact date of delivery or the exact quantity or a combination of both, is not specified at the time the contract is executed.
What is an indefinite quantity contract?
From Wikipedia, the free encyclopedia. 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 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.
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