Is a Matoc an IDIQ?
A MATOC, or multiple award task order contract, is simply an IDIQ with multiple awardees. By contrast, single award task order contracts (sometimes referred to as SATOCs), are awarded to only a single bidder, with all of the task or delivery orders for that contract being automatically awarded to the winning firm.
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 is a multi award contract?
A multiple-award contract is a type of indefinite-quantity contract which is awarded to several contractors from a single solicitation. All contractors receiving awards under a solicitation are given a fair opportunity to be considered for each task/delivery order issued during the life of the contract.
What is Satoc contract?
Single Award Task Order Contract (SATOC) This type of contract functions like a JOC contract, but with a higher budget threshold and more design work. When agencies use a SATOC for procuring construction projects, they solicit RFPs from contractors and award the contract to one vendor for multiple years.
What is MACC contract?
The MACC is an Indefinite-Delivery, Indefinite-Quantity (IDIQ) contracts consisting of a wide variety of design-build, sustainment, maintenance, alteration, repair, renovation, and minor construction projects to include residential and commercial work affecting real property on various federal and military …
What are the three types of indefinite delivery contracts?
(a) There are three types of indefinite-delivery contracts: definite-quantity contracts, requirements contracts, and indefinite-quantity contracts.
What is a multiple agency contract?
A multiple agency agreement is a situation in which you have three or more estate agents all acting on your behalf at the same time. In essence, it means you’re putting your home on the market with several different agents.
What is a job order contract?
A job order contract (JOC) is a contract for a fixed term or maximum dollar value, whichever occurs first, in which a contractor is selected based on a competitive bid to perform various separate job orders in the future, during the life of the contract.
What is a single award task order contract?
A Single Task Order Contract (SATOC) is an IDIQ type contract with a single award used by the military for acquiring facility design, construction, and maintenance services.
What does MATOC mean?
MATOC stands for Multiple Award Task Order Contract. While the acronym is a bit unwieldy and nonsensical, the full name more or less accurately describes the contract.
What is a process contract?
This is referred to as a process contract. A process contract is a contract that binds the parties, specifically the principal to the terms of the process outlined to bidders. Essentially it is a contract that ‘process’ will be followed. To understand the concept, we need to explore the foundations of the law of contracts.
What is an award of contract?
Contract awarding. Contract awarding is the method used during a procurement in order to evaluate the proposals (tender offers) taking part and award the relevant contract.