Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60223FX049
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $2,543,492
Award facts
- Contract value 100% obligated
- $2,543,491.90 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 |
|---|---|---|
| Modification | $2,325,301 | |
| Other Administrative Action | $108,343 | |
| Other Administrative Action | $109,848 |
About this award
This is a delivery order awarded by the Defense Logistics Agency (DLA) Energy to HD Hyundai Oilbank Co., LTD, a foreign-owned for-profit organization based in South Korea. The contract, valued at $2,543,491.90, 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. Department of Defense operations in the Western Pacific and Middle East regions.
The delivery order is part of a larger Indefinite Delivery Contract (IDC) valued at $25,117,187.45, which runs through December 31, 2024. This IDC, along with previous IDCs valued between $17 million and $32 million, allows DLA Energy to issue multiple fixed-price delivery orders for various petroleum products under the WESTPAC (Western Pacific) and FEB (Far East Bulk) programs. The contract does not have a set-aside designation, indicating HD Hyundai Oilbank's competitive position in the market.
Quick answers
Who was awarded contract SPE60223FX049?
SPE60223FX049 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on August 31, 2023.
How much is contract SPE60223FX049 worth?
The government has obligated $2,543,492 on SPE60223FX049.
Is contract SPE60223FX049 an order under another contract?
Yes. SPE60223FX049 is a delivery order under SPE60223D0451, an indefinite delivery contract.
Was contract SPE60223FX049 competed?
The extent of competition for SPE60223FX049 was full and open competition.
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