Indefinite Delivery Indefinite Quantity (IDIQ) Contracts

An Indefinite Delivery Indefinite Quantity (IDIQ) contract is a type of agreement used by the government or organizations to acquire goods or services over a period without specifying exact quantities or delivery dates upfront. Instead, it sets a maximum limit and establishes procedures for ordering needed items as they become available. This flexibility allows the organization to request specific services or products as requirements arise, ensuring quick access and streamlined procurement. IDIQ contracts are efficient when project demands are uncertain or change over time, providing a flexible, ongoing purchasing arrangement.