A Review Of IDIQ
A Review Of IDIQ
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Recording evidences the obligation but would not create it. If a offered transaction isn't adequate to represent a sound
Certain, you happen to be exercising the option, that doesn't necessarily mean you're inserting an get with it. Working out the option just will give you a chance to make use of that CLIN for It truly is period of effectiveness. It doesn't obligate any funding within the Governments behalf....
If Everything you've created is accurate, then all we will conclude is that the people who created the business enterprise regulations didn't want obligations on standard IDIQ contracts noted in FPDS.
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Each time a contracting officer awards an IDIQ agreement, she has obligated The federal government to acquire the deal minimum. She has developed an obligation. When that same contracting officer cites a protracted line of accounting (that contains the appropriation citation) and a dollar total on the award document, she has recorded an obligation (when she distributes the award doc to her accounting Workplace, they may history the obligation in the agency's publications).
The contracting officer ought to contemplate the following when determining the number of contracts to be awarded:
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