140D0422P0236 - FEDDATACHECK - AUTOMATED QUALITY DATA AND VALIDATI...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for IT Outsourcing was awarded in FY2022 on Sep 26, 2022 to PotomacWave Consulting by DOI Office of Acquisition & Property Management (PAM). There have been $712.8k in obligations to date with a ceiling value of $712.8k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 3 year duration with ultimate completion date of Sep 29, 2025.
PotomacWave Consulting is a contractor located in VA, doing primarily Business Admin Services work for Homeland Security (DHS). The company receives $49.7M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
Purchase orders offer the Federal Government an avenue to streamline smaller purchases. Compared to the typical procurement process, where a requirement moves through several milestones before award, purchase orders allow for a quick turnaround to fulfill commodity and service needs. The total value of a transaction is the primary prerequisite for the use of purchase orders. In more familiar terms, purchase orders resemble a trip to a local retail store to buy a few items.
- Contract Number
- 140D0422P0236
- Contractor
- POTOMACWAVE CONSULTING INC
- Obligations to Date
- $712.8k
- Ceiling Value
- $712.8k
- Award Date
- 09/26/2022
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Interior»DOI Office of the Secretary»DOI Office of Policy, Management and Budget (PMB)»DOI-PMB Budget, Finance, Grants & Acquisition»DOI Office of Acquisition & Property Management (PAM)
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