W912HQ23P0099 - UNIVERSITY OF IOWA ER23-7659 NEW START
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Science/Engineering > Research and Development was awarded in FY2023 on Sep 25, 2023 to The University of Iowa by Directorate of Military Missions. There have been $153.6k in obligations to date with a ceiling value of $153.6k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 41 offers received. We expect a 4 year duration with ultimate completion date of Sep 28, 2027.
The University of Iowa is a contractor located in IA, doing primarily Aerospace & Defense > Research and Development work for National Aeronautics and Space Administration. The company receives $49.8M 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
- W912HQ23P0099
- Contractor
- THE UNIVERSITY OF IOWA
- Obligations to Date
- $153.6k
- Ceiling Value
- $153.6k
- Award Date
- 09/25/2023
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Army»Army Corps of Engineers»Office of the Commanding General»Directorate of Military Missions
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