What does IDIQ stand for in contract terminology?

IDIQ stands for Indefinite Delivery Indefinite Quantity, which is a common type of contract used in government and commercial contracting. This contract type allows for an indefinite quantity of supplies or services to be delivered over a specified period. It provides flexibility in procurement as the exact quantity and timing of deliveries are not predetermined, enabling agencies to order as needed without the need for a new contract for each individual delivery.

This arrangement is beneficial for both contractors and contracting agencies, as it simplifies the acquisition process when demands are uncertain or variable. The advantages of IDIQ contracts include the ability to respond quickly to changing needs, control over costs, and streamlined contract management.

Other choices, while they may sound plausible, do not accurately represent the established terminology used within contracting practices. Therefore, Indefinite Delivery Indefinite Quantity is the correct and widely recognized definition.