This Purchase Order contract for Automotive Parts & Products > Sustainment S&E was awarded in FY2023 on January 13, 2023 to FAIRBANKS MORSE, LLC by 8th District. There have been $72.1k in obligations to date with a ceiling value of $72.1k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received.
FAIRBANKS MORSE, LLC is a contractor located in VA, doing primarily Automotive Parts & Products > Sustainment S&E work for Navy. The company receives $3.3M 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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