This Purchase Order contract for Automotive Parts & Products > Sustainment S&E was awarded in FY2014 on August 04, 2014 to XACT TOOL INCORPORATED by Land Supplier Operations. There have been $15.9k in obligations to date with a ceiling value of $15.9k, showing a 100% burn rate so far on the contract. The contract was competed under Service Disabled Veteran Owned Small Business Set-Aside preference program with 12 offers received.
XACT TOOL INCORPORATED is a contractor located in WI, doing primarily Weapons > Weapons & Ammunition work for Defense. The company receives $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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