49100423P0055 - VENTURE SUMMIT
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Business Admin Services was awarded in FY2023 on Jul 28, 2023 to YS VENTURE GROUP, INC. by Directorate for Technology, Innovation and Partnerships. There have been $30k in obligations to date with a ceiling value of $30k, 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 1 year duration with ultimate completion date of Jul 31, 2024.
YS VENTURE GROUP, INC. is a contractor located in NY, doing primarily Business Admin Services work for National Science Foundation. The company receives $30k 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
- 49100423P0055
- Contractor
- YS VENTURE GROUP INC
- Obligations to Date
- $30k
- Ceiling Value
- $30k
- Award Date
- 07/28/2023
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- National Science Foundation»Directorate for Technology, Innovation and Partnerships
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