This Purchase Order contract for Electrical & Electronics Equipment > Electronic & Communication Equipment was awarded in FY2015 on November 06, 2014 to WRIGHT SOURCE INC by Maritime Supplier Operations. There have been $1.1k in obligations to date with a ceiling value of $1.1k, 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 February 04, 2015.
WRIGHT SOURCE INC is a contractor located in OH, doing primarily Electrical & Electronics Equipment > Electronic & Communication Equipment work for Defense. The company receives $944k 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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