Delivery Order SPE60224D0453-SPE60224FA11Y

Award Date 6/24/24
Potential Completion Date 7/10/24
Potential Value $949K
Federal Agency
Energy
Ultimate Awardee
Not listed
Federal Contract Vehicle
Set-Aside Type
No Set-Aside Used
Extent Competed
Full and Open Competition
Major Defense Program
Not listed
Pricing Type
Fixed Price with Economic Price Adjustment
Place of Performance
South Korea
Solicitation Procedures
Negotiated Proposal / Quote
Number Of Offers Received
Not listed
Legislative Mandate
Not listed
National Interest Action
Not listed
Research Type
Not listed
Primary Consortia Member
Not listed
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  • SPE60224D0453
    Indefinite Delivery Contract
  • SPE60224D0453-SPE60224FA11Y
    Delivery Order

This federal contract award, valued at $948,941.13, was issued by the Defense Logistics Agency (DLA) Energy to the South Korean-based company HD Hyundai Oilbank Co., LTD. The contract is for the delivery of aviation turbine fuel, 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 has a fixed-price with economic price adjustment pricing structure and is expected to be completed by July 10, 2024. HD Hyundai Oilbank is a foreign-owned, for-profit organization that specializes in supplying petroleum products to the U.S. Department of Defense. This award is not designated as a set-aside contract and is part of DLA Energy's efforts to maintain a steady supply of fuel for Department of Defense operations in the region. The company also holds several Indefinite Delivery Contracts (IDCs) with DLA Energy, with ceiling values ranging from $17 million to $25 million, which facilitate the issuance of subsequent fixed-price delivery orders for bulk petroleum products.

Generated 9/23/24, 10:00 AM