NSFDACS16P1137 - BLOOMBERG FINANCE FOR NCSES
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for IT Software was awarded in FY2016 on Mar 31, 2016 to Bloomberg Inc. by National Center for Science and Engineering Statistics. There have been $30k in obligations to date with a ceiling value of $30k, 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 Mar 31, 2017.
Bloomberg Inc. is a contractor located in VA, doing primarily IT Software work for Treasury. The company receives $24.5M 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
- NSFDACS16P1137
- Contractor
- BLOOMBERG FINANCE L.P.
- Obligations to Date
- $30k
- Ceiling Value
- $30k
- Award Date
- 03/31/2016
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- National Science Foundation»Directorate for Social, Behavioral & Economic Sciences»National Center for Science and Engineering Statistics
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