What does MACC mean in MILITARY
A Multiple Award Construction Contract (MACC) is a contractual agreement between the government and a number of different contractors that allows the government to obtain construction services through a competitive bidding process. The MACC contract is often referred to as an "indefinite delivery, indefinite quantity" (IDIQ) contract, since it does not specify in advance the amount or type of work required. Instead, the information about each project - including its scope, budget, and timeline - is provided by the government during the solicitation process. Once awarded, contractors compete for individual orders based on their qualifications and expertise.
MACC meaning in Military in Governmental
MACC mostly used in an acronym Military in Category Governmental that means Multiple Award Construction Contract
Shorthand: MACC,
Full Form: Multiple Award Construction Contract
For more information of "Multiple Award Construction Contract", see the section below.
» Governmental » Military
What does MACC Stand For?
MACC stands for 'Multiple Award Construction Contracts'. A multiple award construction contract enables tailored solutions to meet requirements more efficiently than traditional single-award approaches and helps reduce costs through competition amongst the selected firms bidding on specific tasks related to a construction project(s).
Essential Questions and Answers on Multiple Award Construction Contract in "GOVERNMENTAL»MILITARY"
What is a Multiple Award Construction Contract (MACC)?
A Multiple Award Construction Contract (MACC) is a type of contract awarded to two or more contractors by the Procuring Agency for the same service. This type of contract allows the government to award a large project in phases and/or with multiple elements, thereby allowing faster deployment of services.
What are the benefits of using a MACC?
By using a Multiple Award Construction Contract (MACC), the government can break up large projects into smaller contracts that can be completed in less time and with less cost. Additionally, MACCs provide competition between contractors and promote best value for taxpayer dollars.
What kind of projects does a MACC cover?
Multiple Award Construction Contracts (MACCs) can cover all types of construction projects including new construction, repair work, and remodeling. Depending on the scope of work specified in the Request For Proposal (RFP) issued by the Procuring Agency, MACCs could also include design-build services or additional construction-related activities.
Is there any difference between MACC and Indefinite Delivery/Indefinite Quantity (IDIQ) contracts?
Yes, there is a difference between MACCs and IDIQs. A MACC sets one or more fixed prices for specific tasks whereas an IDIQ allows an agency to procure services from qualified contractors without assigning specific task orders or setting prices during the initial award phase.
Final Words:
Multiple award construction contracts are becoming increasingly popular among governmental agencies due to their ability to leverage competition and provide cost savings over time compared with single-award contracts. Furthermore, this type of contract also limits risks associated with vendor performance by having several qualified vendors who can complete projects effectively while still providing best value pricing options. As governments seek solutions that streamline their procurement processes while ensuring quality services at affordable prices, MACCs will undoubtedly continue to grow in popularity as an alternative option for obtaining desired construction services.
MACC also stands for: |
|
| All stands for MACC |