This Purchase Order contract for Electrical & Electronics Equipment > Electronic & Communication Equipment was awarded in FY2017 on October 05, 2016 to Crane & Co, Inc by Aviation Supplier Operations. There have been $3.6k in obligations to date with a ceiling value of $3.6k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 1 year duration with ultimate completion date of September 20, 2017.
Crane & Co, Inc is a contractor located in MA, doing primarily Consumer Products > Sustainment S&E work for Treasury. The company receives $194.2M 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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