This Purchase Order contract for Hardware & Tools was awarded in FY2021 on November 30, 2020 to BASIC RUBBER & PLASTICS COMPAN by Land Supplier Operations. There have been $0.2k in obligations to date with a ceiling value of $0.2k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of June 01, 2021.
BASIC RUBBER & PLASTICS COMPAN is a contractor located in MI, doing primarily Hardware & Tools work for Defense. The company receives $6.5M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias 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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