Northeast gasoline supply reserve (ngsr)

Ended Definitive Contract Awarded Last action

Contract number
89243522CFE000016
Awardee
Awarding agency
Obligated
$24,624,000

Award facts

Opportunity
Contract value 47% obligated
  • $24,624,000.00 Current, with exercised options
  • $52,920,000.00 Potential, with all options
Completion date 100% complete
  • Current, with exercised options
  • Potential, with all options
Contracting staff
Funding agency
Office of Cyber Security Department of Energy
NAICS code
493190 Other Warehousing and Storage
Set-aside
No set-aside
Competition
Competed under SAP · 2 offers Simplified Acquisition
Pricing
Firm Fixed Price
Place of performance
Port Reading, NJ 07064, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Close Out P00005 · Closeout modification $0
Other Administrative Action P00004 · The purpose of this modification is to acknowledge and accept buckeye LLC plan to remove the buckeye raritan BAY, NJ facility from this contract and add the… $0
Exercise an Option P00003 · Storage of 900,000 barrels of rbob gasoline in the new york harbor, ngsr to exercise option period 01. $12,420,000
Other Administrative Action P00002 · The purpose for this modification is to modify the above contract number to change the contracting officer and invoice approving official in DOE's strategic… $0
Other Administrative Action P00001 $0
Original award $12,204,000

About this award

Written by GovTribe AI ·

The Department of Energy (DOE) awarded a $52,920,000.00 Firm Fixed Price Definitive Contract to Buckeye Terminals, LLC for the Northeast Gasoline Supply Reserve (NGSR). The contract has an ultimate completion date of June 30, 2026. Buckeye Terminals, LLC, a for-profit foreign-owned organization, will provide storage services for up to 1,000,000 barrels of reformulated or conventional blendstock for oxygenate blending gasoline in the Northeast region, with storage preferred in the New York Harbor and New England areas. This contract supports the DOE's Refined Product Reserve, established in 2014 to provide an emergency stock of ready-for-blending gasoline in the event of a severe supply shortage. There was no set-aside designation for this procurement.

Quick answers

Who was awarded contract 89243522CFE000016?

89243522CFE000016 was awarded to Buckeye Terminals, LLC by Office of Fossil Energy (Department of Energy) on July 1, 2022.

How much is contract 89243522CFE000016 worth?

The government has obligated $24,624,000 on 89243522CFE000016. Its potential value, with all options, is $52,920,000.

Which agency awarded contract 89243522CFE000016?

Office of Fossil Energy (Department of Energy) awarded 89243522CFE000016, with funding from Office of Cyber Security (Department of Energy).

Was contract 89243522CFE000016 competed?

The extent of competition for 89243522CFE000016 was competed under sap. The government received 2 offers.

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