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Showing results for tags 'Minimum Guarantee'.
Hi all, when awarding an IDIQ for a civilian agency should we be citing funds for the minimum guarantee on the base IDIQ or immediately be issuing a task order that has the funds? To be clear, I mean getting a purchase request that has a line of accounting then commit and record an obligation for the minimum guarantee (I saw a few threads where nomenclature seemed important on this topic). Seems our office does both with some COs vehemently opposed to putting money on the base IDIQ and others who don't care, just wondering if there's advantages/disadvantages to either method. The COs that are
Hello fellow contracting seniors, I am building a FFP IDIQ logistics support services contract with the intention to issue multiple IDIQ awards. The IGCE for the base year is estimated to be $10Mil and I intend to write the MAC with 4 one year options. I understand that I can do without a minimum guarantee CLIN however with such high dollar value solicitation out at the streets expecting prospective contractors to bid on it; it does seems to be of a necessity. My question in my mind is how do I determine the amount of the minimum guarantee for this MAC? My case has 29 geographical locations