Indefinite quantity contract definition

Indefinite quantity contract means a fixed price contract that:

Indefinite quantity contract means a fixed price contract for an indefinite amount of procurement items to be supplied as ordered by the District and does not require a minimum purchase amount, or provide a maximum purchase limit;

Indefinite quantity contract means a contract which requires the contractor to furnish an indeterminate quantity of specified services, items of tangible personal property or construction during a prescribed period of time at a definite unit price or at a specified discount from list or catalogue prices.

Examples of Indefinite quantity contract in a sentence

• Indefinite quantity contract requirements are performed on an "as ordered" basis.

• Using the above strategy and technical approach, the offerors’ proposed methodology and solutions in regard tooverall intended intervention that will result in the Indefinite quantity contract.

• Indefinite quantity contract (commonly referred to as term contract) provides for the furnishing of an indefinite quantity, within stated limits, of specific property or services during a specified contract period, with deliveries to be scheduled by the timely placement of orders with the contractor by activities designated either specifically or by class.

• Indefinite quantity contract requirements are performed o n an "as ordered" basis.

• The Contract resulting from this solicitation shall be an Indefinite quantity contract with fixed unit prices as described in COMAR 21.06.03.06.

More Definitions of Indefinite quantity contract

Indefinite quantity contract means a fixed price contract that both (a) is for an indefinite amount of procurement items to be supplied as ordered by the District; and (b) either does not require a minimum purchase amount or provides a maximum purchase limit.

Indefinite quantity contract means a contract the State Purchasing Director or a state agency establishes based on historical usage of a service or product rather than a specified quantity of said service or product and which does not obligate the State to purchase any certain amount.

Indefinite quantity contract means a contract the State Purchasing Director, CIO, or a state agency establishes based on historical usage of a service or product rather than a specified

Indefinite quantity contract means a contract or agreement for an indefinite amount of goods or labor to be furnished over a specified term that includes fixed unit prices.

Indefinite quantity contract means a contract for an

Indefinite quantity contract means a fixed price contract that both (a) is for an

Indefinite quantity contract means a contract the A&M CPO establishes based on historical usage of a service or product rather than a specified quantity of said service or product and which does not obligate the institutions to purchase any certain amount.