Search the Community
Showing results for tags 'Minimum Guarantee'.
Found 1 result
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 around South-East Asia and the Federated States of Micronesia, which I need contracting support but not all locations have the same amount of logistics requirement that also relates to the same IGCE, for example Pohnpei Island is having an estimate of 1.2Mil per year whereas the other extreme Brunei is having only a mere estimate of $900 per year. A little background of myself; I'm a junior contract specialist (OCONUS) with only a mere 3 years of Government contracting whom is continuously learning. Hope to have some insight and advice from all contracting professionals out there and greatly appreciate it. Very Respectfully, Camp Henry