GovCon Acronym Decoder
Government contracting runs on shorthand. Search any acronym and get a plain-English definition, when you will run into it, whether you need one, and where it comes from.
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4 of 172 terms matching "Task Order"
Task Order
An order for services placed under an IDIQ or other vehicle. This is where the actual money and work live.
When you see it
After you hold a vehicle. Task order competitions are usually faster than open-market ones.
Do you need it
Task order wins are what turn a vehicle into revenue.
Where it comes from
FAR Subpart 16.5.
Related terms
Task Order
An order for services placed under an IDIQ or other vehicle. This is where the actual money and work live.
When you see it
After you hold a vehicle. Task order competitions are usually faster than open-market ones.
Do you need it
Task order wins are what turn a vehicle into revenue.
Where it comes from
FAR Subpart 16.5.
Related terms
Delivery Order
The supplies equivalent of a task order: an order for products under an existing IDIQ.
When you see it
On product buys under a vehicle.
Do you need it
Same as task orders. This is where the revenue is.
Where it comes from
FAR Subpart 16.5.
Related terms
Indefinite Delivery, Indefinite Quantity
A contract that establishes terms and a ceiling, then issues actual work through task orders or delivery orders over time. Winning the IDIQ is a hunting license, not guaranteed revenue.
When you see it
On most large multi-year federal services and products programs.
Do you need it
Getting on the right IDIQs is how many contractors build predictable pipelines. Expect a minimum guarantee that is small.
Where it comes from
FAR Subpart 16.5.
Related terms
Multiple Award Contract
An IDIQ awarded to several contractors who then compete against each other for individual task orders.
When you see it
On large agency-wide or government-wide vehicles.
Do you need it
If your target agency buys through a MAC, you generally have to be a holder to compete.
Where it comes from
FAR Subpart 16.5.
Related terms
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