This Purchase Order contract for Marine Products & Materials > Industrial Products & Services was awarded in FY2017 on September 07, 2017 to DEEPWATER BUOYANCY INC by Naval Postgraduate School. There have been $37k in obligations to date with a ceiling value of $37k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 4 offers received.
DEEPWATER BUOYANCY INC is a contractor located in ME, doing primarily Navigation & Communications Equipment work for Navy. The company receives $149.8k 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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