Indefinite Delivery Indefinite Quantity Contracts

Indefinite Delivery Indefinite Quantity (IDIQ) contracts are agreements between a buyer and a seller that set a maximum spending limit over a period, but don’t specify exact amounts or delivery dates upfront. Instead, this contract allows the buyer to order services or products as needed, within the agreed limits, giving flexibility to meet changing demands. It’s often used by government agencies and contractors for projects where the exact scope or timing isn’t known in advance, enabling efficient procurement while maintaining control over costs and obligations.