This Purchase Order contract for IT Hardware was awarded in FY2024 on May 2, 2024 to VCLOUD TECH INC. by 309th Aircraft Maintenance Group. There have been $38.2k in obligations to date with a ceiling value of $38.2k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 21 offers received.
VCLOUD TECH INC. is a contractor located in CA, doing primarily IT Hardware work for Navy. The company receives $6.1M 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.
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