Term that refers to when a
contract does not specify a delivery date or
dates but does include a time range during
which the delivery could take place.
Indefinite Delivery (ID) Contract
A type of
contract in which the time of delivery is
unspecified in the original contract, but rather
is determined by the procurement
professional during contract performance.
Indefinite Delivery with a Definite Quantity
Indefinite Quantity (IQ) Contract
A type of 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.
Indefinite Quantity and Delivery
An agreement of one party to a
contract to hold the other party to the contract
harmless, or to secure or give security for the
reimbursement of any loss or damage.
1. To protect against hurt or loss; to exempt from
incurred penalties or liabilities.
2. To compensate or pay for damage.
A worker hired by a
business or public entity to accomplish a
given result who has the right to control or
direct their own work as to the details and
means by which the desired results are
Independent Cost Estimate (ICE)
generally refers to the project manager’s and/
or consultant’s cost estimate for a pending
project that reflects anticipated project costs
for budgetary funding purposes, etc.
The linking of a rate to a standard
index of prices, interest rates, share prices, or
similar items; this occurs on contracts in
which the pricing is tied to an index.