Term
IDIQ
Indefinite delivery, indefinite quantity
A standing agreement that lets an agency order work from you later; the orders are the real competitions.
A contract shape the government uses when it knows it will need a kind of work over several years but not exactly how much or when. Winning a seat guarantees you almost nothing by itself; the money arrives later through task orders competed among the seat holders.
In a sentence
"Award will be a single-award IDIQ with a five-year ordering period." You would be one of the companies allowed to receive orders for those five years.
Also called
- IDIQ contract
- indefinite-quantity contract
- FAR 16.504
Terms like this show up in every federal notice. We translate them in place, on every notice in your trade.