This Purchase Order contract for Petro-Chemical Industries > Transportation and Logistics Services was awarded in FY2017 on October 19, 2016 to MARINE PETROLEUM CORP by USCG Command, Control, Communications, Computers, Cyber, and Intelligence Service Center (C5ISC). There have been $4.4k in obligations to date with a ceiling value of $4.4k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received.
MARINE PETROLEUM CORP is a contractor located in HI, doing primarily Petro-Chemical Industries > Transportation and Logistics Services work for Homeland Security. The company receives $20.3k 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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