what  federal idiq contract mean
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- IDIQ is a U.S. federal government contracting acronym meaning indefinite delivery/indefinite quantity. This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. see more on Definitions.net ».
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- •Indefinite Delivery & Indefinite Quantity (IDIQ) •IDIQ is not a type of contract, it is a contracting vehicle •IDIQ is a frame agreement or multiple award schedule with defined terms and conditions •An IDIQ does not become a contract until a Task Order or Delivery Order is placed on the IDIQ
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Writing a Task Order Against an IDIQ â Make Sure Youâre Covered! A task order was written for a Test IV&V contract which was a Cost Plus Fixed Fee over $20 Million. This met the current policy requirements. The overarching IDIQ for this particular task order stated the requirement for sound EVM practices. The assumption when the task order was written against the overarching IDIQ was that the requirements stated in the IDIQ would adequately cover EVM reporting required from the potential vendor.
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- department of defense: w9114f13d0002-uv09: delivery order: medical case manager services for us air force, raf lakenheath, uk. ordered via task order from army's idiq contract. 4/27/16: 5/10/19: $246,904 usd
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Homeland Security Presidential Directive 12: Policy for a Common Identification Standard for Federal Employees and Contractors In order to eliminate these variations, U.S. policy is to enhance security, increase Government efficiency, reduce identity fraud, and protect personal privacy by establishing a mandatory, Government-wide standard for secure and reliable forms of identification issued by the Federal Government to its employees and contractors (including contractor ...
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Section 9. Understanding and Writing Contracts and Memoranda of Agreement 1 The total amount of payment in the contract - either an exact amount, or a range, with a maximum. 2  How payment is determined - a lump sum, or so much per unit (per hour, per person, per treatment, etc.), or payments for each program milestone, etc.  How the contractor may request payment.
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Subpart 2.1âDefinitions FAR Part 2.101 - Definitions. “Option” means a. unilateral right. in a contract by which, for a specified time, the Government may elect to purchase additional supplies or services called for by the contract, or may elect to extend the term of the contract.
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Frequently Asked Questions (FAQ) Contract Type: TO’s will be released individually as Cost Plus Fixed Fee. Contract Value: Individual TOs generally will be less than $20M individually, but possibly some over $20M; IDIQ will be valued greater than $20M in total. Scope: These efforts will have a mix of development and service activities. Duration: Contract is expected to run for 7 years.
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Definition of contracts for difference A contract for difference (CFD) is essentially a contract between an investor and an investment bank or a spread-betting firm.At the end of the contract, the parties exchange the difference between the opening and closing prices of a specified financial instrument, including shares or commodities. CFD is simply an agreement between two parties – the investor and the CFD provider – to pay each other the change in the price of an underlying asset. Depending on which way the price moves, one party pays the other the difference from the time the contract was agreed to the point where it ends.
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- Cost-plus-award-fee contract —A contract under which the contractoris reimbursed for costs plus a fee consisting of two parts: (a) a fixedamount which does not vary with performance and (b) an awardamount based on performance in areas such as quality, timeliness,ingenuity, and cost-effectiveness.
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Writing a Task Order Against an IDIQ â Make Sure Youâre Covered! 1 Do not assume the overarching IDIQ will cover your requirements at the task order level. 2  Always consult with the Contracting Officer of the office holding the IDIQ.  Ensure the vendor receives the required Integrated Program Review ensuring proper reporting requirements are well understood.
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- Tariq Nasheed (born c.1979), also known as Tariq Elite, King Flex, and K-Flex, is an American author, documentary film producer, media personality, satirist, Internet radio host, relationship expert, and social commentator, focusing on the psychology of dating and African-American social history.
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Fixed-term contract Fixed-term contract. A fixed-term contract is a term usually used to refer to a contractual relationship between an employee and an employer that lasts for a specified period. They are usually regulated by different countries' labour laws, to ensure that employers still fulfill basic labour rights regardless of a contract's form, particularly unjust dismissal.
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Federal Contractor Requirements Federal Contractor Requirements. / / Federal Contractor Requirements. Federal contractors are individuals or employers who enter into a contract with the United States (any department or agency) to perform a specific job, supply labor and materials, or for the sale of products and services.
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Can you issue an IDIQ off of an IDIQ? What you are asking is if you can issue an order under an IDIQ contract that allows you to issue orders under the order. There is no rule about this in FAR. GSA permits the use of such a procedure in association with its Federal Supply Schedule contracts, but calls the instruments blanket purchase agreements instead of orders. See FAR 8.405-3.
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Subpart 16.4.Incentive Contracts (a) Description. A fixed-price incentive contract is a fixed-price contract that provides for adjusting profit and establishing the final contract price by application of a formula based on the relationship of total final negotiated cost to total target cost. fixed-price incentive (firm target) contract is appropriate when the parties can negotiate at the outset a firm target cost, target profit, and profit adjustment formula that will provide a fair and reasonable incentive and a ceiling that provides for the contractor to assume an appropriate share of the risk.
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What does IDIQstand for? An IDIQ contract allows for a certain amount of contract process streamlining, as negotiations can be made only with the selected company, and such contracts are exempt from protest, per Federal Acquisition Regulations Subpart 33.
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Parsons Wins U.S. Cyber Command Prime Contract Parsons Wins U.S. Cyber Command Prime Contract. PASADENA, CA (June 1, 2016) – Parsons has been awarded a multiple-award, indefinite delivery/indefinite quantity (MA/IDIQ) contract by the General Services Administration to support the United States Cyber Command (USCYBERCOM).
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Office of Acquisition and Logistics (OAL) Office of Acquisition and Logistics (OAL) Federal contractors are required to maintain an acceptable subcontracting plan if they are a large business (including all affiliates) and the estimated dollar value of the base contract and all option periods exceeds, or is expected to exceed, $700,000.
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48 CFR 16.405-1 - Cost-plus-incentive-fee contracts. (a) Description. The cost-plus-incentive-fee contract is a cost-reimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.he cost-plus-incentive-fee contract is a cost-reimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.
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Can An Ordering Agency Award An IDIQ Task Order Using The GSAs Multiple Award Schedule Program? For the sake of those who insist on considering an IDIQ task order, let’s continue. As you all know (or at least I hope you do!), that ordering agencies get their ordering procedures for using the Schedules program from FAR subPart 8.4.
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- TAA compliance requirements are built into federal procurement contracts such. as GSA Schedule contracts, IDIQ contracts and most Department of Defense. contracts. Although TAA requirements only apply beyond a certain dollar. threshold (currently $194,000 for goods and services), it does not mean you.
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Employment Contract Employment Contract. Definition: An agreement entered into between an employer and an employee at the time the employee is hired that outlines the exact nature of their business relationship, specifically what compensation the employee will receive in exchange for specific work performed . Hiring employees is a fairly straightforward task--at least, most of the time.
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- Some areas in Kuwait are eligible for Imminent Danger Pay (IDP). IDP is calculated as a daily rate and paid on a monthly basis. Daily rates are determined by dividing the monthly amount by the number of days in a month. This rate will change based on the number of days in a month. For periods of less than a month, an employee is entitled to the daily rate times the number of days in the month the employee is in the eligible area. Employees cannot receive IDP and PD at the same time. Civilians in Kuwait are entitled to IDP during the 42 day eligibility period for PD.
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Contracts & LegalIndefinite Delivery Contract Description: An indefinite-quantity (IDIQ) contract (FAR 16.504) provides for an indefinite quantity, within stated limits, of supplies or services during a fixed period. The Government places orders for individual requirements. Quantity limits may be stated as number of units or as dollar values.
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- Dynamic Federal Solutions, Inc. (DFSI) is driven to lead partners ethically and professionally with highly qualified resources for the US military in: 1  IT professional services. 2  IT installation services. 3  Geospatial tool development for the US military.