This Purchase Order contract for Electrical & Electronics Equipment > Electronic & Communication Equipment was awarded in FY2011 on June 28, 2011 to FCX SYSTEMS INCORPORATED by Panama City Division. There have been $155.7k in obligations to date with a ceiling value of $155.7k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 5 offers received.
FCX SYSTEMS INCORPORATED is a contractor located in WV, doing primarily Electrical & Electronics Equipment > Electronic & Communication Equipment work for Navy. The company employs about 110 personnel, with $593.1k annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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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