5 Essential Elements For IDIQ

(one) Only one contractor is able to offering overall performance at the extent of good quality needed as the provides or providers are distinctive or really specialized;

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December 29, 20177 yr comment_39039 There is not any minimum amount assurance in a very demands contract. As a substitute, the "thing to consider" is that each one specified (recurring) operate will likely be offered to that seller for just a timeframe, so one particular advantage of a requirements contract is that there's no should obligate money at time of award to include the minimum amount. In truth, there is absolutely no must order nearly anything.

This doesn't necessarily mean that obligations are not established or that obligations really should not be recorded during the company's accounting data when IDIQ contracts are awarded.

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The FAR is mute on this specific subject matter. My up coming step should be to Speak to the KO but very first wanted to pose my problem right here. I appreciate any input/comments you can offer. Query: Can a Undertaking Purchase include an alternative period that would need to get exercised following The essential IDIQ has expired?

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I think we're pressured to make use of a DO/TO, if you need to have the ability to properly report it to FPDS and for those businesses which have interfaces in between the agreement crafting program as well as respective accounting method.

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