A Secret Weapon For IDIQ
A Secret Weapon For IDIQ
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If what you've prepared is correct, then all we will conclude would be that the folks who designed the business enterprise principles didn't want obligations on essential IDIQ contracts noted in FPDS.
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This does not suggest that obligations usually are not designed or that obligations shouldn't be recorded inside the agency's accounting records when IDIQ contracts are awarded.
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Portion 3C (Pounds obligated) claims that If your award form has a price (which it does not for IDV's) the value needs to be bigger than or equivalent to zero.
It's not necessary to obligate the minimum after you award an IDIQ agreement. You'll be able to wait right until you situation an get to generate obligations.
Presumably these enterprise guidelines are written being an interpretation of policy and regulation. The only possible training course of action was to difficulty The fundamental contract and afterwards concern task buy 0001 (or 9999 at some companies which include SpaWar) to obligate the bare minimum assure, Soon following get more info award.