This Purchase Order contract for Electrical & Electronics Equipment > Electronic & Communication Equipment was awarded in FY2005 on June 21, 2005 to J.G.B. Enterprises, Inc. by Defense Logistics Agency. There have been $62.8k in obligations to date with a ceiling value of $62.8k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 2 offers received.
J.G.B. Enterprises, Inc. is a contractor located in NY, doing primarily Industrial Products & Machinery > Industrial Products & Services work for Defense. The company receives $38.2M 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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