'''Governmentwide acquisition contracts''' (known as GWAC) is the process by which agencies of the federal government purchase goods and services (procurement); these involve legal contracts between the agency and a private business. A GWAC is an acquisition tool that facilitates and streamlines the purchasing of IT solutions by United States federal government departments and agencies, while ensuring that the many government-mandated rules are followed.<ref>{{cite web|url=https://whatis.techtarget.com/definition/governmentwide-acquisition-contract-GWAC|title=Definition: governmentwide acquisition contract (GWAC)|accessdate=16 Apr 2019}}</ref> These rules are complex, deriving from laws and regulations that guide the purchasing processes of each agency. According to the GSA website, "A Governmentwide Acquisition Contract (GWAC) is a pre-competed, multiple-award, indefinite delivery, indefinite quantity (IDIQ) contract that agencies can use to buy total IT solutions, including both products and services."<ref>{{cite web|url=https://www.gsa.gov/acquisition/assistance-for-small-businesses/choose-how-to-sell-to-gsa/governmentwide-acquisition-contract-gwac|archive-url=https://web.archive.org/web/20180412212316/https://www.gsa.gov/acquisition/assistance-for-small-businesses/choose-how-to-sell-to-gsa/governmentwide-acquisition-contract-gwac|url-status=dead|archive-date=April 12, 2018|title=Governmentwide Acquisition Contract (GWAC)|accessdate=4 Sep 2018}}</ref> Federal agencies may create GWACs to support the work of the federal government. This has been done by the GSA, NIH (NITAAC [https://nitaac.nih.gov]) and NASA (SEWP). A GWAC is not necessarily restricted to the agency that runs it (see the article on SEWP as an example). All IDIQs, including GWACs, are regulated by FAR, a set of rules and regulations that must be followed by federal agencies and resellers of goods and services (known as Contract Holders) to the government in the procurement process.<ref>{{cite web|url=https://www.fedmarket.com/l/proposals/making_sense_of_idiq_purchasing_vehicles|title=Making Sense of IDIQ Purchasing Vehicles|accessdate=15 Oct 2018}}</ref>
==References== {{Reflist}}
Category:Federal government of the United States Category:Government procurement in the United States {{US-gov-stub}}