Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60224FA12C
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $1,957,007
Award facts
- Contract value 100% obligated
- $1,957,006.93 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 | |
| Original award | $1,939,018 |
About this award
The U.S. Defense Logistics Agency (DLA) awarded a $1,957,006.93 fixed-price delivery order contract with economic price adjustment to HD Hyundai Oilbank Co., LTD, a foreign-owned for-profit organization based in South Korea, to provide 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, which has a period of performance through July 17, 2024, was awarded without a set-aside designation. HD Hyundai Oilbank currently holds several Indefinite Delivery Contracts (IDCs) with DLA Energy, the most recent of which has a $25,117,187.45 ceiling value and covers the supply of various petroleum products for the region through December 31, 2024. These IDCs facilitate the issuance of subsequent fixed-price delivery orders, demonstrating HD Hyundai Oilbank's critical role in maintaining the U.S. military's fuel supply chain in the region.
Quick answers
Who was awarded contract SPE60224FA12C?
SPE60224FA12C was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on June 24, 2024.
How much is contract SPE60224FA12C worth?
The government has obligated $1,957,007 on SPE60224FA12C.
Is contract SPE60224FA12C an order under another contract?
Yes. SPE60224FA12C is a delivery order under SPE60224D0453, an indefinite delivery contract.
Was contract SPE60224FA12C competed?
The extent of competition for SPE60224FA12C was full and open competition.
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