This Purchase Order contract for Subsistence was awarded in FY2011 on October 12, 2010 to CLARK'S TRADING CO by Bureau of Prisons. There have been $8.2k in obligations to date with a ceiling value of $8.2k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 3 offers received.
CLARK'S TRADING CO is a contractor located in WI, doing primarily Subsistence work for Justice. The company receives $5.2M 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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