IDIQ
Law & Legal abbreviation · Contract
| Stands for | Indefinite delivery, indefinite quantity |
|---|---|
| Categories | Law & Legal |
IDIQ stands for Indefinite delivery, indefinite quantity, a contract abbreviation.
Type of government contract that sets a minimum and maximum quantity of supplies or services over a fixed period, with specific work ordered through task orders or delivery orders as needs arise. It lets agencies buy recurring services without running a new competition each time.
Example: The agency awarded a five-year IDIQ with a $500 million ceiling to six vendors.
Usage notes
Governed by FAR Subpart 16.5. Multiple-award IDIQs require the agency to give each awardee a fair opportunity to compete for orders. Government-wide acquisition contracts (GWACs) are IDIQs that many agencies can use. The guaranteed minimum must be more than nominal for the contract to be binding.
Related abbreviations
More contract abbreviations
- EPC – Engineering, procurement and construction
- EULA – End-user license agreement
- FAR – Federal Acquisition Regulation
- FFP – Firm-fixed-price
- FIDIC – International Federation of Consulting Engineers
- GMP – Guaranteed maximum price
- ISDA – International Swaps and Derivatives Association
- JVA – Joint venture agreement
- LDs – Liquidated damages
- LOI – Letter of intent
- LPA – Limited partnership agreement
- MAC – Material adverse change
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This entry is for general education and is not legal advice. Abbreviation use varies between institutions; always confirm in context.