This Purchase Order contract for Business Admin Services was awarded in FY2023 on May 13, 2023 to SRISAI BIOPHARMACEUTICAL SOLUTIONS LIMITED LIABILITY COMPANY by National Institute of Allergy and Infectious Diseases. There have been $12.3k in obligations to date with a ceiling value of $12.3k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of June 30, 2024.
SRISAI BIOPHARMACEUTICAL SOLUTIONS LIMITED LIABILITY COMPANY is a contractor located in MD, doing primarily Healthcare > Medical Practitioners work for Health and Human Services. The company receives $110.6k 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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