Myth-Information: Obligating the Minimum in IDIQ Contracts
From the blog "Don Mansfield's Blog"
If the preconceived notions that our students are bringing to the classroom is any indication, there's a good deal of myth-information being spread regarding indefinite-delivery indefinite-quantity (IDIQ) contracts. The one belief that I want to focus on today deals with obligating the contract minimum upon award of an IDIQ contract.
This belief usually stems from a fundamental misunderstanding of the difference between creating and obligation and recording an obligation. The difference i