Companies new to the federal market often find the alphabet soup of acronyms like IDIQ to be madly confusing. As defined by Wikipedia and shortened here: IDIQ is a contracting acronym meaning Indefinite Delivery Indefinite Quantity. An IDIQ is a type of contract that provides for an indefinite quantity of supplies or services during a [...]
For experienced federal contractors IDIQs (Indefinite Delivery / Indefinite Quantity) contracts are golden because of five important reasons: IDIQs reduce competition. Small businesses can participate in large IDIQs. An IDIQ task order award can be made in a matter of weeks, instead of up to a year or more. IDIQ awards tend to be “under [...]
