Turbine fuel, aviation
Ended Awarded
- Contract number
- 0016
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916 Part of Hyundai Heavy Industries Co., LTD.
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $836,100
Award facts
- Contract value 100% obligated
-
- $836,099.73 Current, with exercised options
- $838,674.56 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
- Firm Fixed Price
- Place of performance
- South Korea
Award details come from SAM.gov/FPDS.
About this award
This contract award is for the delivery of aviation turbine fuel to the U.S. Defense Logistics Agency Energy (DLA Energy) in South Korea. The prime contractor, HD Hyundai Oilbank Co., LTD, a South Korea-based foreign-owned for-profit organization, was awarded a Firm Fixed Price delivery order contract valued at $838,674.56. The contract, which has a period of performance through July 2017, is not set-aside. HD Hyundai Oilbank is a subsidiary of the larger conglomerate Hyundai Heavy Industries Co., LTD.
This delivery order is likely part of a larger Indefinite Delivery Vehicle (IDV) contract that HD Hyundai Oilbank holds with DLA Energy for the supply of bulk petroleum products, including naval distillate and various turbine fuels, to support U.S. Department of Defense operations across the Western Pacific and Middle East regions. The IDVs have a potential total value ranging from $22 million to $50 million each and were awarded on a single-source basis.
Quick answers
Who was awarded contract 0016?
0016 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on June 26, 2017.
How much is contract 0016 worth?
The government has obligated $836,100 on 0016. Its potential value, with all options, is $838,675.
Is contract 0016 an order under another contract?
Yes. 0016 is a delivery order under SPE60017D0463, an indefinite delivery contract.
Was contract 0016 competed?
The extent of competition for 0016 was full and open competition. The government received 14 offers.
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