Multi Vendor Contracts: Becoming the Rule
In previous newsletters, we described how multi-vendor contracts (IDIQ contracts) are becoming the rule rather than the exception in federal contracting. Federal purchasing officials are now using IDIQ contracts to procure virtually all types of products and services. IDIQ contracts are especially prevalent in the following sectors.
Sector | Estimated Annual Contract Dollars |
---|---|
Information Technology |
$30 billion |
Construction |
$20 billion |
Architectural & Engineering |
$3 billion |
Facilities Maintenance |
$5 billion |
Products and Service on GSA Schedules |
$20 billion |
Many don't know that GSA Schedule contacts are always open for bid. Moreover, they are by far the easiest way for a small business to obtain an IDIQ which, in turn, allows them to play in the multi-vendor market.
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