Operating Status
FULLY OPERATIONAL
OPERATING STATUS
(a) Description. An indefinite-quantity contract provides for an indefinite quantity, within stated limits, of supplies or services during a fixed period. The Government places orders for individual requirements. Quantity limits may be stated as number of units or as dollar values.
(1) The contract must require the Government to order and the contractor to furnish at least a stated minimum quantity of supplies or services. In addition, if ordered, the contractor must furnish any additional quantities, not to exceed the stated maximum. The contracting officer should establish a reasonable maximum quantity based on market research, trends on recent contracts for similar supplies or services, survey of potential users, or any other rational basis.
This said, it does give you more flexibility, as opposed to a Definite-quantity or requirements contract. Be sure to consult with your legal counsel, but there is no minimum that has been defined; therefore, you can set the minimum as low as reasonably prudent.
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