Turbine fuel, aviation
Ended Awarded Last action
- Contract number
- 0015
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $1,176,797
Award facts
- Contract value 100% obligated
- $1,176,796.80 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 324110 Petroleum Refineries
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 14 offers Negotiated Proposal / Quote
- Pricing
- Fixed Price with Economic Price Adjustment
- Place of performance
- South Korea
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$7,429 | |
| Original award | $1,184,226 |
About this award
This federal contract award, with ID SPE60016D0454|0015, was issued by the Defense Logistics Agency (DLA) Energy to HD Hyundai Oilbank Co., LTD, a South Korean-based foreign-owned, for-profit organization. The contract is for the delivery of 8503693733 - Turbine Fuel, Aviation, with a ceiling value of $1,176,796.80. The contract is a Delivery Order with a Fixed Price with Economic Price Adjustment pricing type, and the Ultimate Completion Date is October 12, 2016.
HD Hyundai Oilbank Co., LTD is a strategic energy supplier to the U.S. Department of Defense, providing a range of aviation and naval fuel products. The company holds several significant Indefinite Delivery Contracts (IDVs) with DLA Energy, including the WESTPAC (Western Pacific) and FEB (Far East Bulk) programs, with a most recent IDV awarded in November 2023 having a ceiling value of $25,117,187.45. These IDVs allow DLA Energy to issue multiple fixed-price delivery orders for petroleum products, with previous contracts ranging from $9.7 million to $22.2 million, covering the delivery of approximately 600-800 million gallons of naval distillate and turbine fuels to U.S. military installations and vessels across the Western Pacific and Middle East regions.
Quick answers
Who was awarded contract 0015?
0015 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on September 26, 2016.
How much is contract 0015 worth?
The government has obligated $1,176,797 on 0015.
Is contract 0015 an order under another contract?
Yes. 0015 is a delivery order under SPE60016D0454, an indefinite delivery contract.
Was contract 0015 competed?
The extent of competition for 0015 was full and open competition. The government received 14 offers.
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