20340619P00001 - PERSONNEL ADMINISTRATIVE SUPPORT SERVICE FOR OLC
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Legal services was awarded in FY2019 on Jul 18, 2019 to WITS SOLUTIONS INC. by OFI Community Economic Development. There have been $7.8k in obligations to date with a ceiling value of $73.4k, showing a 11% burn rate so far on the contract. The contract was competed under 8a Competed preference program with 3 offers received. We expect a 1 year duration with ultimate completion date of Oct 5, 2020.
WITS SOLUTIONS INC. is a contractor located in VA, doing primarily Business Admin Services work for Homeland Security (DHS). The company receives $11.4M 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. WITS SOLUTIONS INC. is a certified 8(a) contractor through Sep 18, 2025.
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
- 20340619P00001
- Contractor
- WITS SOLUTIONS INC.
- Obligations to Date
- $7.8k
- Ceiling Value
- $73.4k
- Award Date
- 07/18/2019
- Contract Type
- Purchase Order
- Competition Set Aside Type
- 8a Competed
- Buying Agency/Office
- Treasury»Office of Domestic Finance»Office of Financial Institutions»OFI Community Economic Development
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