This Purchase Order contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2023 on March 16, 2023 to RING POWER CORP by VISN 8 - Sunshine Health Care Network. There have been $7k in obligations to date with a ceiling value of $7k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received.
RING POWER CORP is a contractor located in FL, doing primarily Aerospace & Defense > Equipment Related Services work for Homeland Security. The company receives $75k 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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