What is a single award IDIQ contract?

What is a single award IDIQ contract?

Single-Award IDIQs The first type of IDIQ contract is a single-award IDIQ. A single-award IDIQ may be established and awarded to a single contractor. The base contract has no funding associated with it, and it lays out the terms and conditions and pricing applicable to any orders placed against the base contract.

What is FAR certification?

The FAR Certificate program is comprised of three courses that are designed to give you a solid, practical understanding of the Federal Acquisition Regulation, so that you can comply with the complex requirements and avoid pitfalls by anticipating and resolving potential problems.

What is a C type contract?

This vehicle is frequently used when initial requirements are not well established. C contracts refer to the standard contract vehicle type (Federal Acquisition Regulation (FAR) Part 16, n.d.), generally used when initial requirements are more definite and there is a more established schedule.

Who writes the FAR?

Statutory authorities to issue and revise the FAR have been delegated to the Procurement Executives in Department of Defense (DoD), GSA and National Aeronautics and Space Administration (NASA). The Federal Acquisition Policy Division writes and revises the FAR.

What is the purpose of the FAR?

The purpose of the FAR is to publish uniform policies and procedures for federal agencies to follow when going through the procurement process. These rules provide a consistent yet flexible purchasing procedure so that government contracts may be conducted in transparent, fair, and impartial manner.

What is the purpose of an IDIQ?

The purpose of an IDIQ is to allow the government to select a single or group of vendors who are qualified in the given industry. These vendors will bid on task orders that will be released later down the line.

IS FAR Part of CFR?

The Federal Aviation Regulations (FARs) are rules prescribed by the Federal Aviation Administration (FAA) governing all aviation activities in the United States. The FARs are part of Title 14 of the Code of Federal Regulations (CFR).

Why was FAR created?

The FAR is the result of a 1979 statute directing the Office of Federal Procurement Policy (OFPP) within the Office of Management and Budget (OMB) to “issue polic[ies] … for the purpose of promoting the development and implementation of [a] uniform procurement system.” Partly in response to this directive, the FAR was …

How are IDIQ contracts awarded?

Only one source is qualified and capable of performing the work at a reasonable price to the Government; or. It is necessary in the public interest to award the contract to a single source due to exceptional circumstances.