SPMYM124P1217 - N421584141B286 CAPSCREW
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Hardware & Tools was awarded in FY2024 on Aug 20, 2024 to GULF FASTENER, INC. by Norfolk Naval Shipyard (NNSY). There have been $14.1k in obligations to date with a ceiling value of $14.1k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 2 offers received.
GULF FASTENER, INC. is a contractor located in AL, doing primarily Hardware & Tools work for Navy. The company receives $950.5k 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
- SPMYM124P1217
- Contractor
- GULF FASTENER, INC.
- Obligations to Date
- $14.1k
- Ceiling Value
- $14.1k
- Award Date
- 08/20/2024
- Contract Type
- Purchase Order
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Navy»Naval Sea Systems Command (NAVSEA)»NAVSEA Industrial Operations (SEA 04)»Norfolk Naval Shipyard (NNSY)
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