What is a government contract vehicle?

A contract vehicle is a streamlined method the government uses to buy goods and services. Contract vehicles are centrally managed by a federal agency, which reduces acquisition administrative costs and creates time and resource efficiencies. CDC’s most commonly used contract vehicles are described below.

What are the different government contract vehicles?

These include Government-Wide Acquisition Contracts (GWACs), Multiple Agency Contracts (MACs), General Services Administration (GSAs), Federal Supply Schedules (FSSs), Blanket Purchase Agreements (BPAs), and agency-specific Indefinite Delivery Indefinite Quantity Contracts (IDIQs).

What does it mean to contract a vehicle?

An official contract is involved in the overwhelming majority of car sales and functions as an agreement between you and a dealer in which you promise to pay the cost of the vehicle in installments over time in addition to interest, according to Ford.

How many GWACs are there?

ten GWACs
Traditional Role for GWACs in Acquisition Ecosystem There are currently ten GWACs managed by three agencies – the General Services Administration (GSA)5, the National Aeronautics and Space Agency (NASA)6, and the National Institutes of Health (NIH)7.

What are the different types of contract vehicles?

With that in mind, let’s take a look at three common types of contract vehicles in the federal IT space: GSA Schedule contracts, ID/IQ contracts, and GWACs. The first of these vehicles, and by far the most common, is called a GSA Schedule.

Is IDIQ a contract vehicle?

IDIQs are Indefinite Delivery, Indefinite Quantity contract vehicles that provide an indefinite quantity of products or services for a fixed time. They are used when GSA can’t determine, above a specified minimum, the exact quantities of supplies or services that the government will need during the contract period.