This Purchase Order contract for Equipment Maintenance was awarded in FY2019 on July 23, 2019 to ACME MACHINE & WELDING CO., LLC by Watervliet Arsenal. There have been $86.3k in obligations to date with a ceiling value of $101.8k, showing a 85% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 1 offer received.
ACME MACHINE & WELDING CO., LLC is a contractor located in PA, doing primarily Construction Related Equipment > Industrial Products & Services work for Army. The company receives $15.6k 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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