IDIQ Contracts: A Hunting License for the Federal Market

Indefinite Delivery/Indefinite Quantity (IDIQ) contracts are becoming the preferred way that federal buyers make purchases. In order to compete in either the federal product or service sectors, your firm must have an IDIQ. As the use of IDIQs becomes increasingly more predominant, those which do not will be squeezed out of the market. 

Looking at the issue from a practical perspective, one could say that those who have IDIQs have a hunting license. More specifically, such companies have a license to seek and bag a particular species in a specific jurisdiction.   In the case of the federal market, only the holders of a specific IDIQ are permitted to bid on designated projects.  Don't be caught out in the wild without the proper license! 

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