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Re: train post# 47333

Saturday, 02/04/2017 9:16:39 AM

Saturday, February 04, 2017 9:16:39 AM

Post# of 81999
Train,

Here is a little more on the IDIQ contract you mentioned. We are working one now for 5 years with the USG at the company I work for (Defense).

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.

In our case the USG has given us a non-binding estimate of the expected orders for each of the 5 years.

GLTA!
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