How To Assess The Potential Value Of IDIQ Contracts
Referred as “Task or delivery order contracts”, IDIQ Contracts are one of the premium public contracts released by the US government for creating earning opportunities. But, since its launch one of the prime concern pivoting IDIQ is as to how the contracts should be valued for purposes of compliance with Truth-in-Negotiation Act (TINA) and Cost Accounting Standards (CAS). Since the delivery time and quantity of work is indefinite, assessing the price of IDIQ contracts is certainly a hassle. Though the contract valuation issue could have been addressed by the FAR Councils, there’s practically no regulatory policy-making entity that has ever addressed this issue as a regulation. It was never been officially addressed as to what value of IDIQ contracts the vendors are likely to get. In spite of its limited extent the FAR Councils addressed this issue keeping in line with TINA and CAS applicability, they reached opposite conclusions. This is precisely, a debatable situation in every possib