2033H624P00011 - ACCESS CONTROL EQUIPMENT AND SECURE DOOR WITH MAIN...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for IT Hardware was awarded in FY2024 on Feb 22, 2024 to F-CONCEPTS, INC. by Office of Financial Innovation and Transformation. There have been $107.1k in obligations to date with a ceiling value of $134k, showing a 80% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 2 year duration with ultimate completion date of Feb 28, 2026.
F-CONCEPTS, INC. is a contractor located in VA, doing primarily Business Admin Services work for Army. The company receives $5.7M 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
- 2033H624P00011
- Contractor
- F-CONCEPTS, INC.
- Obligations to Date
- $107.1k
- Ceiling Value
- $134k
- Award Date
- 02/22/2024
- Contract Type
- Purchase Order
- Competition Set Aside Type
- 8(a) Sole Source
- Buying Agency/Office
- Treasury»Bureau of the Fiscal Service»Office of Financial Innovation and Transformation
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