This Purchase Order contract for Petro-Chemical Industries > Industrial Products & Services was awarded in FY2013 on Jul 24, 2013 to VETERAN CHEMICALS, INC. by Aberdeen Proving Grounds. There have been $21.1k in obligations to date with a ceiling value of $53.7k, showing a 39% burn rate so far on the contract. The contract was competed under Service Disabled Veteran Owned Small Business Set-Aside preference program with 4 offers received. We expect a 3 year duration with ultimate completion date of Jul 23, 2016.
VETERAN CHEMICALS, INC. is a contractor located in IN, doing primarily Petro-Chemical Industries > Industrial Products & Services work for Commerce. The company receives $188.8k 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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