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

Indefinite delivery and indefinite quantity contracts are both types of contracts used by the government in North Carolina and other states. The main difference between them is how they are issued and fulfilled. An indefinite delivery contract, also known as an IDC, is a type of contract that allows the government to order supplies or services on an as-needed basis. When the government places an order under an IDC, they are not obligated to pay for the supplies or services until they are actually provided. This allows agencies to order what they need when they need it, making them more efficient and cost effective. An indefinite quantity contract, also referred to as an IQC, is similar to an IDC, but with a few key differences. Unlike an IDC, an IQC requires the government to make regular payments for services or supplies that are delivered, even if they are not used. IQCs also have a minimum and maximum quantity that the government must purchase, as well as a set price. This type of contract is useful for supplies or services that the government needs to use on a consistent basis and is a cost effective alternative to making multiple IDC purchases. Both types of contracts have their advantages, and the government will often use them together. For example, an agency may have an IQC for regularly needed items with an IDC for items that need to be ordered on an as-needed basis. Regardless of the type of contract used, the main goal is to provide government agencies with the supplies and services they need to do their jobs in an efficient and cost effective manner.

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

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