Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Indefinite Quantity (IQ) Contract”

  • Indefinite Quantity (IQ) Contract

    A type of a contract that provides for the delivery of indefinite quantities, within stated limits, of supplies or services. These supplies or services are to be furnished during a fixed period, with deliveries or performance to be scheduled by placing orders with the contractor.