20341424P00014 - TAXINTEREST MAINTENANCE & SUPPORT RENEWAL
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for IT Hardware was awarded in FY2024 on Jul 16, 2024 to TIMEVALUE SOFTWARE by Information Resources/Chief Information Officer. There have been $27k in obligations to date with a ceiling value of $108k, showing a 25% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 4 year duration with ultimate completion date of Aug 31, 2028.
TIMEVALUE SOFTWARE is a contractor located in CA, doing primarily IT Software work for Treasury. The company receives $49.6k 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
- 20341424P00014
- Contractor
- TIMEVALUE SOFTWARE
- Obligations to Date
- $27k
- Ceiling Value
- $108k
- Award Date
- 07/16/2024
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Treasury»Alcohol and Tobacco Tax and Trade Bureau»Information Resources/Chief Information Officer
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