This Purchase Order contract for Records Management > Digitization was awarded in FY2013 on February 01, 2013 to FutureNet Group by Division of Information and Intelligent Systems. There have been $95.5k in obligations to date with a ceiling value of $95.5k, showing a 100% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of January 31, 2014.
FutureNet Group is a contractor located in MI, doing primarily Electrical & Electronics Equipment > Electronic & Communication Services work for Homeland Security. The company receives $576.8k 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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