This Purchase Order contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2012 on January 05, 2012 to Hewlett-Packard by Bureau of European and Eurasian Affairs. There have been $108k in obligations to date with a ceiling value of $113.4k, showing a 95% burn rate so far on the contract. The contract was not competed under any preference program with 3 offers received.
Hewlett-Packard is a contractor located in VA, doing primarily IT Hardware work for Air Force. The company receives $277.4M 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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