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Dot Dot Dot
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Orders Under FSS contracts
Dot Dot Dot replied to Don Mansfield's topic in Schedules, GWACS, MACs, IDIQs
You need to have consideration in order to form a contract. If it's an IDIQ contract, then the minimum guarantee is the "consideration." Thus, I agree with Vern that you must pay the minimum guarantee regardless of whether an order was placed (i.e. via a "pay off"), or you would not have the necessary consideration to form a contract.