Terms · I
IDIQ
Indefinite Delivery/Indefinite Quantity - umbrella contract for task orders.
Government Contracting Glossary
Terms, acronyms and definitions to help you understand federal procurement terminology.
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Terms · I
IFB
Invitation for Bid - sealed bidding where lowest price wins.
Terms · I
Incentive Fee
Variable fee tied to contractor achievement of specific cost, schedule, or performance targets.
Terms · I
Incurred Cost
Actual costs recorded under a contract.
Terms · I
Indirect Costs
Costs not directly attributable to a specific contract.
Terms · I
Invoice
Bill submitted by contractor for payment.
Terms · I
ITAR
International Traffic in Arms Regulations control the export of defense articles and services.
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