FA810023P0002 - A STAND-ALONE, CLOUD-FREE, AUTOMATED SPEECH RECOGN...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Aerospace & Defense > Research and Development was awarded in FY2023 on June 08, 2023 to Soar Technology Inc by 552nd Air Control Wing. There have been $199.7k in obligations to date with a ceiling value of $199.7k, 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 February 29, 2024.
Soar Technology Inc is a contractor located in MI, doing primarily Aerospace & Defense > Research and Development work for Navy. The company receives $35.7M 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
- FA810023P0002
- Contractor
- SOAR TECHNOLOGY INC
- Obligations to Date
- $199.7k
- Ceiling Value
- $199.7k
- Award Date
- 06/08/2023
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Air Force » Air Combat Command » 15th Air Force » 552nd Air Control Wing
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