Alphabet Soup: I is For… IDIQ

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An Indefinite Delivery, Indefinite Quantity (IDIQ) contract has no guaranteed total quantity of services or products that will be acquired.  There may be a guaranteed minimum quantity, or an estimated minimum/maximum quantity listed in the contract. The agency will issue Task Orders against the IDIQ contract on an ‘as-needed’ basis.

 

IAW In Accordance With

When referencing drawings, specifications or standards

IDEAS Interior Department Electronic Acquisition System

Dept of the Interior procurement site.

IDIQ Indefinite Delivery, Indefinite Quantity 

There is no guaranteed total quantity of services or products that will be acquired.  There may be a guaranteed minimum quantity, or an estimated minimum/maximum quantity listed in the contract. The specific time for delivery is also not specified.  

IFB Invitation for Bid. 

Sealed Bidding. This type of solicitation describes exactly what the government requires and how offers will be evaluated.

IFF Industrial Funding Fee

Used to pay GSA for the administration of the Federal Supply Schedules program. Currently 0.75% is added to your GSA price.  You must add the IFF to your schedule prices, and pay the IFF quarterly based on your contract sales. (see 72a)

 

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