The northeast home heating oil reserve (nehhor) storage of 300,000 barrels in ulsd port reading, NJ &/or perth amboy, NJ
Active Definitive Contract Awarded Last action
- Contract number
- 89243524CCR000050
- Awardee
-
Buckeye Terminals, LLC UEI XFM3BWYTS7E5
- Awarding agency
-
Office of Fossil Energy
Department of Energy
- Obligated
- $5,886,000
Award facts
- Opportunity
-
- RFP# 89243524RCR000014 Solicitation · 89243524RCR000014 · Posted Feb 16, 2024
- Contract value 74% obligated
-
- $5,886,000.00 Current, with exercised options
- $7,956,000.00 Potential, with all options
- Completion date 64% complete
-
- Current, with exercised options
- Potential, with all options
- Funding agency
- Office of Cyber Security Department of Energy
- NAICS code
- 493190 Other Warehousing and Storage
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 4 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Hasbrouck Heights, NJ 07604, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $2,016,000 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $1,962,000 | |
| Original award | $1,908,000 |
About this award
The Department of Energy awarded Buckeye Terminals, LLC a definitive contract valued at $7.956 million on March 29, 2024, to provide storage services for 300,000 barrels of ultra-low sulfur diesel (ULSD) as part of the Northeast Home Heating Oil Reserve (NEHHOR). This award represents the exercise of Option Period 2 under the existing contract vehicle, with services to be performed at facilities in the New York Harbor region, specifically Port Reading and Perth Amboy, New Jersey, through the contract completion date of March 31, 2028. The contract employs firm fixed pricing with no small business set-aside designation.
Buckeye Terminals, a Houston-based petroleum storage and distribution specialist with extensive federal contracting experience, was selected as the incumbent contractor to continue NEHHOR storage operations. The contract falls under the DOE's Office of Fossil Energy Strategic Petroleum Reserve program, which maintains emergency fuel supplies to address potential disruptions in petroleum product availability. Buckeye Terminals has demonstrated substantial capability in this sector, holding multiple Department of Energy contracts for strategic petroleum reserves, including additional NEHHOR storage agreements and contracts under the Northeast Gasoline Supply Reserve program, collectively representing tens of millions in federal procurement.
Quick answers
Who was awarded contract 89243524CCR000050?
89243524CCR000050 was awarded to Buckeye Terminals, LLC by Office of Fossil Energy (Department of Energy) on March 29, 2024.
How much is contract 89243524CCR000050 worth?
The government has obligated $5,886,000 on 89243524CCR000050. Its potential value, with all options, is $7,956,000.
Which agency awarded contract 89243524CCR000050?
Office of Fossil Energy (Department of Energy) awarded 89243524CCR000050, with funding from Office of Cyber Security (Department of Energy).
Was contract 89243524CCR000050 competed?
The extent of competition for 89243524CCR000050 was full and open competition. The government received 4 offers.
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