This Purchase Order contract for Marine Products & Materials > Industrial Products & Services was awarded in FY2015 on March 20, 2015 to Triman Industries, Inc by DLA Maritime Supplier Operations. There have been $12.4k in obligations to date with a ceiling value of $12.4k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received.
Triman Industries, Inc is a contractor located in NJ, doing primarily Electrical & Electronics Equipment > Electronic & Communication Equipment work for Defense. The company receives $71.1M 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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