140D0423P0076 - APPRAISAL SERVICES: ELMA 102-84, AVIS NUMBER: P22... | Federal Compass

140D0423P0076 - APPRAISAL SERVICES: ELMA 102-84, AVIS NUMBER: P22...

Federal Contract Award Search » Purchase Order Award

This Purchase Order contract for Real Estate Services was awarded in FY2023 on March 16, 2023 to GERALD A TEEL CO INC by DOI Appraisal and Valuation Services Office (AVSO). There have been $16.5k in obligations to date with a ceiling value of $24k, showing a 69% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 3 offers received.

GERALD A. TEEL COMPANY is a contractor located in TX, doing primarily Real Estate Services work for Army. The company receives $159.5k annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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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Contract Number
140D0423P0076
Obligations to Date
$16.5k
Ceiling Value
$24k
Award Date
03/16/2023
Contract Type
Purchase Order
Competition Set Aside Type
Small Business Set-Aside -- Total

Buying Agency/Office
Interior » DOI Office of the Secretary » DOI Office of Policy, Management and Budget (PMB) » DOI-PMB Administrative Services » DOI Appraisal and Valuation Services Office (AVSO)


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