N5005422P0034 - IN SUPPORT OF USS MESA VERDE (LPD-19) REBUILD, ACC...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Aerospace & Defense > Equipment Related Services was awarded in FY2022 on Dec 30, 2021 to HYVAL INDUSTRIES INC. by Mid-Atlantic Regional Maintenance Center (MARMC). There have been $12.2k in obligations to date with a ceiling value of $12.7k, showing a 96% 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 Feb 1, 2022.
HYVAL INDUSTRIES INC. is a contractor located in VA, doing primarily Industrial Products & Machinery > Industrial Products & Services work for Navy. The company receives $108k 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
- N5005422P0034
- Contractor
- HYVAL INDUSTRIES INC.
- Obligations to Date
- $12.2k
- Ceiling Value
- $12.7k
- Award Date
- 12/30/2021
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Navy»Naval Sea Systems Command (NAVSEA)»NAVSEA Surface Ship Maintenance, Modernization and Sustainment (SEA 21)»Commander, Navy Regional Maintenance Center (CNRMC)»Mid-Atlantic Regional Maintenance Center (MARMC)
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