Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60224FA11Y
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $948,941
Award facts
- Contract value 100% obligated
- $948,941.13 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 | $17,988 | |
| Other Administrative Action | -$1,008,066 | |
| Original award | $1,939,018 |
About this award
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.
Quick answers
Who was awarded contract SPE60224FA11Y?
SPE60224FA11Y was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on June 24, 2024.
How much is contract SPE60224FA11Y worth?
The government has obligated $948,941 on SPE60224FA11Y.
Is contract SPE60224FA11Y an order under another contract?
Yes. SPE60224FA11Y is a delivery order under SPE60224D0453, an indefinite delivery contract.
Was contract SPE60224FA11Y competed?
The extent of competition for SPE60224FA11Y was full and open competition.
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