Current through October 31, 2024
Section 16.502 - Definite-quantity contracts(a)Description. A definite-quantity contract provides for delivery of a definite quantity of specific supplies or services for a fixed period, with deliveries or performance to be scheduled at designated locations upon order.(b)Application. A definite-quantity contract may be used when it can be determined in advance that(1) a definite quantity of supplies or services will be required during the contract period and(2) the supplies or services are regularly available or will be available after a short lead time.48 FR 42219, Sept. 19, 1983, as amended at 60 FR 49725, Sept. 26, 1995