47PC0425P0002 - CHAMBERS 934 RENOVATION AT NY0355ZZ - ALFONSE D'AM...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Facility Related Services > Facilities Repair was awarded in FY2025 on Nov 21, 2024 to Binary Exchange Technologies LLC by Second Circuit. There have been $108.7k in obligations to date with a ceiling value of $108.7k, showing a 100% 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 1 year duration with ultimate completion date of May 19, 2025.
Binary Exchange Technologies LLC is a contractor located in MD, doing primarily Facility Related Services > Facilities Repair work for Navy. The company receives $5.6M 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
- 47PC0425P0002
- Contractor
- BINARY EXCHANGE TECHNOLOGIES LLC
- Obligations to Date
- $108.7k
- Ceiling Value
- $108.7k
- Award Date
- 11/21/2024
- Contract Type
- Purchase Order
- Competition Set Aside Type
- 8(a) Sole Source
- Buying Agency/Office
- US Courts»U.S. Court of Appeals»Second Circuit
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