Indefinite Delivery Indefinite Quantity Contract

An Indefinite Delivery Indefinite Quantity (IDIQ) contract is a type of agreement used by governments and organizations to secure products or services without specifying the exact amount or delivery schedule upfront. Instead, the contract establishes a maximum amount of work or funds, allowing for flexibility in ordering as needs arise over time. This arrangement benefits both parties by streamlining procurement processes and enabling quick responses to changing demands, while still ensuring that the provider is compensated for their services or goods as they are needed.