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An Indefinite Delivery, Indefinite Quantity contract is a flexible vehicle that lets an agency buy an undefined amount of supplies or services over a set period without committing to exact quantities up front. Instead of one fixed deal, the IDIQ sets the terms, and the agency then places individual task orders (for services) or delivery orders (for supplies) as needs actually arise.
An IDIQ specifies a guaranteed minimum the government will buy and a maximum ceiling it may buy, along with the ordering period and the rules for issuing orders. Many of the largest federal vehicles are multiple-award IDIQs, where several companies hold the base contract and then compete against each other for individual orders. Winning the IDIQ gets you in the door; winning the task orders is where the revenue is.
IDIQs concentrate enormous spending, and a great deal of federal work, especially recurring services and supplies, flows through them as orders that outsiders never see advertised. Holding a seat on the right IDIQ can mean years of order opportunities. The catch is that if you miss the base-contract competition, you are locked out until the next one. Related vehicles include GWACs and the GSA Schedule.
Are you curious about the networking events near you? Together we can expand your network and watch your pipeline exponentially grow.
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