Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60223FX290
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $1,829,294
Award facts
- Contract value 100% obligated
- $1,829,293.98 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 | -$201,450 | |
| Modification | $2,435,149 | |
| Other Administrative Action | -$201,450 | |
| Other Administrative Action | -$201,450 | |
| Other Administrative Action | -$1,505 |
About this award
This federal contract award, valued at $1,829,293.98, 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 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. This contract is a delivery order under a larger Indefinite Delivery Contract (IDC) with a ceiling value of $25,117,187.45 that runs through December 31, 2024. The IDC, which is part of the WESTPAC (Western Pacific) and FEB (Far East Bulk) programs, allows DLA Energy to issue multiple fixed-price delivery orders for various petroleum products. The contract does not have a set-aside designation, indicating HD Hyundai Oilbank's competitive position in the market for supplying aviation fuels to the U.S. military.
Quick answers
Who was awarded contract SPE60223FX290?
SPE60223FX290 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on September 25, 2023.
How much is contract SPE60223FX290 worth?
The government has obligated $1,829,294 on SPE60223FX290.
Is contract SPE60223FX290 an order under another contract?
Yes. SPE60223FX290 is a delivery order under SPE60223D0451, an indefinite delivery contract.
Was contract SPE60223FX290 competed?
The extent of competition for SPE60223FX290 was full and open competition.
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