This Purchase Order contract for Test & Measurement Supplies was awarded in FY2016 on September 13, 2016 to MENARINI SILICON BIOSYSTEMS, INC. by National Cancer Institute. There have been $20.1k in obligations to date with a ceiling value of $51k, showing a 39% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of March 30, 2021.
MENARINI SILICON BIOSYSTEMS, INC. is a contractor located in CA, doing primarily Medical Equipment & Supplies > Equipment Related Services work for Army. The company receives $5.4k 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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