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- Study guides, Class notes & Summaries
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CLC DEFINITION OF TERMS
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January 2025
2024/2025
A+
Indefinite Delivery/Indefinite Quantity Contracts - IDIQ contracts are used to acquire supplies and/or services when the exact time of future deliveries are unknown at the time of contract award.
An IDIQ contract provides for an indefinite quantity, within stated limits, of supplies or services to be furnished during a fixed period, with deliveries or performance to be scheduled by placing orders with the contractor.
Truth in Negotiations Act (TINA) - Occurs when the contractor gives fals...
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