This Purchase Order contract for Automotive Parts & Products > Sustainment S&E was awarded in FY2005 on May 16, 2005 to I-TEC INDUSTRIAL CO. by 411th Contracting Support Brigade. There have been $30.9k in obligations to date with a ceiling value of $30.9k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 10 offers received.
I-TEC INDUSTRIAL CO. is a contractor located in KYO, doing primarily Package Delivery & Packaging > Transportation and Logistics Services work for Army. 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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