This Purchase Order contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2005 on December 29, 2004 to MacAndrews & Forbes by DLA Land. There have been $3.5k in obligations to date with a ceiling value of $3.5k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received.
MacAndrews & Forbes is a contractor located in IN, doing primarily Automotive Parts & Products > Transportation and Logistics Services work for Army. The company receives $504.6M 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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