What are the differences between indefinite delivery and indefinite quantity contracts?

Indefinite delivery and indefinite quantity contracts are two different types of contracts used in Government Contracts Law in New Hampshire. An indefinite delivery contract is a type of contract that allows for the order of an unspecified number of supplies or services over a specified length of time. This contract does not specify the exact amount or type of materials that will be ordered, and the contract may be modified or terminated at any time. An indefinite quantity contract is a type of contract that sets a maximum amount of supplies or services that can be ordered over a specified length of time. This contract does not set a fixed quantity of supplies or services to be delivered but does set a total maximum value. This ensures a fixed cost for the contract and limits the amount of materials to be ordered over the length of the contract. In both types of contracts, the services or supplies to be ordered must meet certain governmental standards and must be ordered from a pre-approved list of vendors. The government will also detail the rules and regulations surrounding the delivery, inspection, and payment of the specified supplies or services. Ultimately, the main difference between indefinite delivery and indefinite quantity contracts is that indefinite delivery contracts allow an indefinite number of services or supplies to be ordered over a given period of time whereas indefinite quantity contracts set a maximum amount of supplies or services that can be ordered over the same period of time.

Related FAQs

What is the importance of the contracting process in government contracts?
What are the common disputes in government contracts?
What are the different types of government contracts?
What is the importance of the contract closeout phase in a government contract?
What is the importance of the contract performance phase in government contracts?
What are the roles and responsibilities of the contracting officer representative?
What are the importance of cost proposals in government contracts?
How can I ensure I can fulfill the requirements of a government contract?
What is the process for terminating or renewing a government contract?
What are the potential liability issues associated with government contracts?

What are the differences between indefinite delivery and indefinite quantity contracts?

Related FAQs

Related Blog Posts