What do I enter as the amount when the award is based on a per unit price and the number of units to be purchased is unknown?

Posted on Dec 9, 2013 in Awards and Postings.
  1. That kind of contract is known as an indefinite quantity contract.
  2. An estimate of the number of units based on past experience or what is anticipated should be entered as the initial awarded amount.
  3. In comments, enter that the amount is estimated.