FA483022P0041 - CONTACT CORP SHALL SUPPLY TWO (2) TR86 MAST SYSTEM...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for IT Hardware was awarded in FY2022 on Aug 12, 2022 to TIM PRICE INC. by 23rd Fighter Group. There have been $76.2k in obligations to date with a ceiling value of $76.2k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 4 offers received. We expect a 1 year duration with ultimate completion date of Feb 28, 2023.
TIM PRICE INC. is a contractor located in VA, doing primarily Electrical & Electronics Equipment > Electronic & Communication Equipment work for Marine Corps. The company receives $742.5k 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
- FA483022P0041
- Contractor
- TIM PRICE INC.
- Obligations to Date
- $76.2k
- Ceiling Value
- $76.2k
- Award Date
- 08/12/2022
- Contract Type
- Purchase Order
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Air Force»Air Combat Command»15th Air Force»23rd Wing»23rd Fighter Group
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