What is a multiple award IDIQ contract?
What is a multiple award IDIQ contract?
A new multiple award IDIQ contract containing the scope of products or services that can be ordered against it may be established and awarded to multiple vendors.
How are IDIQ contracts awarded?
A multiple-award IDIQ may be established and awarded to multiple vendors. When the need arises to place orders against the multiple-award contract, all awardees holding a base contract are requested to submit a proposal to provide each contractor a fair opportunity to be considered for each order.
Is an IDIQ a multi year contract?
Note: IDIQ contracts are not considered multi-year contracts and therefore are not governed by 41 U.S.C. 254c and the implementing regulations in FAR Subpart 17.1.
What is an indefinite delivery/indefinite quantity IDIQ contract?
In U.S. Federal government contracting, IDIQ 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. IDIQs are also sometimes called “Task Orders” or “Delivery Order Contracts.”
What is a multiple award schedule?
8.401 Definitions. Multiple Award Schedule (MAS) means contracts awarded by GSA or the Department of Veterans Affairs (VA) for similar or comparable supplies, or services, established with more than one supplier, at varying prices.
Are IDIQ contracts fixed-price?
IDIQ contracts are often used to supplement or amend Fixed-Price or Cost-Reimbursement contracts in order to provide flexibility with regard to specific supplies, services or aspects of a project required by the government.
What is the purpose of an IDIQ?
The purpose of an IDIQ is to allow the government to select a single or group of vendors who are qualified in the given industry. These vendors will bid on task orders that will be released later down the line.
How do IDIQ task orders work?
Under the IDIQ contract, the government places delivery orders (for supplies) or task orders (for services) against a basic contract for individual requirements. Therefore, the IDIQ does not specify exact quantities of products or services being procured other than the minimum or maximum quantities.
What is IDIQ task order?
Task Orders directly result from an award made under an Indefinite Delivery Indefinite Quantity (IDIQ) contract. An IDIQ contract provides an indefinite quantity of services for a fixed time.
What is a CTA agreement?
A GSA Schedule Contractor Team Arrangement (CTA) is an arrangement in which two or more GSA Schedule contractors team together to provide a total solution to meet a customer’s needs.
Are IDIQ contracts funded?
If you were to examine an IDIQ you would notice that there is no funding on the IDIQ. Only a guaranteed minimum. The guaranteed minimum is necessary to meet the basic legal requirements of a Govt contract…which are Offer, Acceptance, Consideration (money), Mutual Assent, and Legal Authority to Bind the Govt.
What are the three types of indefinite delivery contracts?
(a) There are three types of indefinite-delivery contracts: definite-quantity contracts, requirements contracts, and indefinite-quantity contracts.
What is a multiple award task order contract?
Multiple Award Task Order Contracts (MATOC) – IDIQ contracts awarded to multiple contractors, under a single solicitation, for the same supplies or services. Within the VA, MATOCs are typically used for larger, more complex projects. Non-Recurring Maintenance (NRM) and Maintenance and Repair (M&R) requirements are also examples of work
What is a multiple award construction contract?
The Multiple Award Construction Contract (MACC) is an Indefinite Delivery, Indefinite-Quantity (IDIQ) Contract for execution of a broad range of maintenance, repair and minor construction projects affecting real property at Kirtland Air Force Base, New Mexico. A Task Order Request for Proposal (TORFP) will be issued under this MACC contract to define specific project requirements involving design and construction.
What is multiple award contract?
The use of multiple award contracts allows agencies to take continuous advantage of the competitive forces of the commercial marketplace which will result in lower prices, better quality, reduced time from requirements identification to award, and improved contractor performance in satisfying customer requirements.
What is a multiple award?
IDIQ: Multiple Award A new multiple award IDIQ contract containing the scope of products or services that can be ordered against it may be established and awarded to multiple vendors. When the need arises to place orders against the multiple award contract, all awardees holding a base contract are requested to submit a proposal to provide each