Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60223FV110
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $1,930,489
Award facts
- Contract value 100% obligated
- $1,930,489.03 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 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 | -$29,155 | |
| Original award | $1,959,644 |
About this award
This is a delivery order awarded by the Defense Logistics Agency (DLA) Energy, a component of the U.S. Department of Defense, to HD Hyundai Oilbank Co., LTD, a South Korean-based foreign-owned for-profit organization. The order, valued at $1,930,489.03, is for the delivery of various aviation turbine fuels, including Jet Propulsion Fuel types 5 and 8 (JP5, JP8), Aviation Gasoline, and Naval Distillate F76, to support U.S. military operations in the Western Pacific and Middle East regions. The contract is a fixed-price with economic price adjustment and has an ultimate completion date of April 19, 2023. This award is not associated with a set-aside designation. HD Hyundai Oilbank Co., LTD is a major energy supplier to the U.S. military and holds several significant Indefinite Delivery Contracts (IDCs) with DLA Energy, such as the $25,117,187.45 IDC awarded in November 2023, which allows for the issuance of multiple fixed-price delivery orders for various petroleum products under programs like WESTPAC and FEB.
Quick answers
Who was awarded contract SPE60223FV110?
SPE60223FV110 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on March 21, 2023.
How much is contract SPE60223FV110 worth?
The government has obligated $1,930,489 on SPE60223FV110.
Is contract SPE60223FV110 an order under another contract?
Yes. SPE60223FV110 is a delivery order under SPE60223D0451, an indefinite delivery contract.
Was contract SPE60223FV110 competed?
The extent of competition for SPE60223FV110 was full and open competition.
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