This Purchase Order contract for Education/Training > Human Capital was awarded in FY2023 on Nov 30, 2022 to HIGH RISE ESCAPE SYSTEMS INC by MCIPAC Marine Corps Air Station Iwakuni (MCAS Iwakuni). There have been $28.7k in obligations to date with a ceiling value of $28.7k, 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 Jan 30, 2023.
HIGH RISE ESCAPE SYSTEMS INC is a contractor located in FL, doing primarily Fire & Safety Equipment > Safety Equipment work for Air Force. The company receives $98.3k 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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