This Purchase Order contract for Electrical & Electronics Equipment > Electronic & Communication Equipment was awarded in FY2019 on November 29, 2018 to T T I INC by Maritime Supplier Operations. There have been $0.3k in obligations to date with a ceiling value of $0.3k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 5 offers received. We expect a 1 year duration with ultimate completion date of March 29, 2019.
T T I INC is a contractor located in TX, doing primarily Electrical & Electronics Equipment > Electronic & Communication Equipment work for Defense. The company receives $4.1M 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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