Inventory holding price (TI 6
Ended Definitive Contract Awarded Last action
- Contract number
- SP800020C0006
- Awardee
-
Titanium Metals Corp UEI JLTMS5197CE9 Part of Berkshire Hathaway Inc.
- Awarding agency
-
Strategic Materials
Defense Logistics Agency, Department of Defense
- Obligated
- $1,419,000
Award facts
- Opportunity
-
- Roskill material market reports Special Notice · SP800020R0007 · Posted Jul 27, 2020
- Titanium Buffer Award Notice · Posted Oct 1, 2020
- Titanium Buffer Solicitation · Posted Aug 21, 2020
- Contract value 100% obligated
- $1,419,000.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 541614 Process, Physical Distribution, and Logistics Consulting Services
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 2 offers Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Highland Hills, OH 44128, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $516,000 | |
| Exercise an Option | $516,000 | |
| Original award | $387,000 |
About this award
Titanium Metals Corporation, doing business as Timet, has been awarded a firm fixed price contract valued at $1,419,000 by the Defense Logistics Agency Strategic Materials (DLA Strategic Materials). Under this contract, Timet will provide inventory holding services of strategic titanium materials in support of defense manufacturing programs. Specifically, Timet will store and rotate titanium in intermediate billet, sheet, round, and plate forms through September 2023 at its place of performance in Warrenville Heights, Ohio. This contract is being awarded under an existing indefinite-delivery/indefinite-quantity contract held by Timet with DLA Strategic Materials, which established a titanium strategic buffer stock valued at $1.1 million. Timet is a leading titanium supplier and subsidiary of Berkshire Hathaway. This contract will aid DLA Strategic Materials and the Department of Defense in maintaining stockpiles of critical titanium materials.
Quick answers
Who was awarded contract SP800020C0006?
SP800020C0006 was awarded to Titanium Metals Corp by Strategic Materials (Defense Logistics Agency) on September 30, 2020.
How much is contract SP800020C0006 worth?
The government has obligated $1,419,000 on SP800020C0006.
Was contract SP800020C0006 competed?
The extent of competition for SP800020C0006 was competed under sap. The government received 2 offers.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award