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IDIQIndefinite Delivery/Indefinite Quantity

Indefinite Delivery/Indefinite Quantity - umbrella contract for task orders.

Definition

IDIQ Indefinite Delivery/Indefinite Quantity - umbrella contract for task orders.

FAR Part 16

Definition

An Indefinite Delivery/Indefinite Quantity (IDIQ) contract establishes pricing and terms for ordering goods or services over time. The government commits to a minimum order but can order up to a maximum ceiling value. Actual work is ordered through task orders, which may also be competed among IDIQ holders.

Official Source

FAR Part 16

Related Terms

  • Ceiling Value

    Maximum dollar amount that can be obligated under a contract.

  • Delivery Order

    Order for products placed against an existing contract.

  • Task Order

    Order for services placed against an existing contract like IDIQ.

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