What does Matoc stand for in contracting?
Multiple Award Task Order Contracting
There is an old saying that “you win some, and you lose some.” Well, if you are a construction contractor who competes in the world of Multiple Award Task Order Contracting (“MATOC”), you usually lose. Under sealed bidding, which dominated the procurement of federal construction for many years, a contractor who…
How does an IDIQ contract work?
An IDIQ contract provides an indefinite quantity of services for a fixed time. Under the IDIQ contract, the government places delivery orders (for supplies) or task orders (for services) against a basic contract for individual requirements.
What is Satoc and Matoc?
Department of Defense (DOD) organizations have used both Single Award Task Order Contracts (SATOC) and Multiple Award Task Order Contracts (MATOC). Both methods have advantages and disadvantages. Acquiring services from a single vendor can reduce administrative cost of both the government and the contractor.
What are the benefits of an IDIQ contract?
Inter- viewees said that IDIQ contracts accelerate the project delivery period, reduce precon- struction costs and provide flexible delivery scheduling. Multiple-award IDIQ contracts also promote price competition and reduce the risk of contractor default.
What is IDIQ task order?
Under the IDIQ contract, the government places delivery orders (for supplies) or task orders (for services) against a basic contract for individual requirements. Therefore, the IDIQ does not specify exact quantities of products or services being procured other than the minimum or maximum quantities.
What is a single award IDIQ?
Single-Award IDIQs The first type of IDIQ contract is a single-award IDIQ. A single-award IDIQ may be established and awarded to a single contractor. The base contract has no funding associated with it, and it lays out the terms and conditions and pricing applicable to any orders placed against the base contract.
When should you use an IDIQ contract?
Indefinite delivery, indefinite quantity contracts provide for an indefinite quantity of services for a fixed time. They are used when GSA can’t determine, above a specified minimum, the precise quantities of supplies or services that the government will require during the contract period.
Can an IDIQ contract be fixed-price?
IDIQ contracts are often used to supplement or amend Fixed-Price or Cost-Reimbursement contracts in order to provide flexibility with regard to specific supplies, services or aspects of a project required by the government.
How does a Satoc work?
Single Award Task Order Contract (SATOC) When agencies use a SATOC for procuring construction projects, they solicit RFPs from contractors and award the contract to one vendor for multiple years. The agency then issues task orders to that sole provider to complete projects. SATOCs are often used by military branches.
Is an IDIQ a fixed-price contract?
How do I get on IDIQ?
To establish an IDIQ, Contracting Officers (COs) need to determine a minimum quantity, a reasonable maximum quantity, a fixed time period, and a Statement of Work (SOW). Although the term “indefinite” is used, reasonable thresholds are still established for contractors.