Federal contracts, agencies widely used indefinite contracts to provide flexibility to meet mission needs : report to the Ranking Member, Committee on Homeland Security and Governmental Affairs, U.S. Senate.
[Washington, D.C.] : United States Government Accountability Office, 2017.
1 online resource (iii, 29 pages) : color illustrations
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Includes bibliographical references.
Online resource, PDF version; title from cover (GAO web site, viewed Apr. 14, 2017).
Over the past 5 years, the federal government obligated over a hundred billion dollars annually through the use of IDIQ contracts. IDIQ contracts are awarded to one or more contractors when the exact quantities and timing for products or services are not known at the time of award. DOD uses IDIQ contracts more than all other agencies combined. The FAR establishes a preference for awarding multiple-award IDIQ contracts under a single solicitation such that a number of contract holders compete for subsequent orders. GAO was requested to examine federal agencies' use of IDIQ contracts. This report addresses (1) federal agencies' use of IDIQ contracts from fiscal years 2011 through 2015, the latest year for which complete data were available; (2) the role of competition when awarding selected IDIQ contracts and placing orders at DOD; and (3) when and how DOD contracting officers established prices for these contracts and orders. GAO is not making any recommendations at this time.