This Purchase Order contract for Facility Related Materials was awarded in FY2021 on October 28, 2020 to UNITED MEDCO, INC. by NIH Office of the Director. There have been $22.5k in obligations to date with a ceiling value of $22.5k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received.
UNITED MEDCO, INC. is a contractor located in FL, doing primarily Facility Related Materials work for Health and Human Services. The company receives $19.5k 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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