This Purchase Order contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2012 on February 13, 2012 to CUTLASS FASTENERS INC by NOAA Office of Marine & Aviation Operations (OMAO). There have been $4.7k in obligations to date with a ceiling value of $4.7k, 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.
CUTLASS FASTENERS INC is a contractor located in RI, doing primarily Hardware & Tools work for Commerce. 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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