The IDIQ in gsa schedule contract details

The IDIQ in gsa schedule is Indefinite Delivery, Indefinite Quantity contracts for a fixed period of time. This is used for the quantity of services or supplies which the GSA is unable to determine. The IDIQ will help in organizing the contract process and speed up the delivery process.

The service contracts and the architect-engineering services require the IDIQ contracts the most. The gsa schedule awards are for the foundation years and for the option years as well. The government process to place the orders for delivery of goods and task for services are in against of a basic contract mainly for individual requirements.

The units for measuring the maximum or minimum quantity limits are either in the dollar value or in the number of units. So, the IDIQ is an estimate for the supplies of goods and services.

The gsa schedule contracts are long-term contracts which are the General Services Administration’s Multiple Award Schedule (MAS) Program. The schedule works as a contracting vehicle which is fast, easy and effective for both the customers and vendors.

They provide access to millions of commercial products and services at a much-discounted price, and the small companies and firms get an equal footing in the US market through federal business or contracts.

one of the gsa schedule eligibility criteria is that the business should have a minimum of 2 years of experience. The ability to meet the IDIQ factor requires the criterion and also the GSA does not want to do business for the short term.