This Purchase Order contract for Medical Equipment & Supplies > Medical Supplies/Equipment was awarded in FY2006 on May 08, 2006 to Johnson & Johnson by Veterans Affairs. There have been $2.7k in obligations to date with a ceiling value of $2.7k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received.
Johnson & Johnson is a contractor located in NJ, doing primarily Pharmaceuticals > Pharmaceutical Products work for Health and Human Services. The company receives $800.5M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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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