Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60224FA23K
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $865,272
Award facts
- Contract value 100% obligated
- $865,271.86 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 | $920,210 | |
| Other Administrative Action | -$54,939 |
About this award
This is a delivery order contract awarded to HD Hyundai Oilbank Co., LTD, a South Korean-based foreign-owned for-profit organization, by the U.S. Defense Logistics Agency (DLA) Energy. The contract is for the supply 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 contract has a ceiling value of $865,271.86 and runs through August 7, 2024. This delivery order contract is issued under a larger Indefinite Delivery Contract (IDC) that HD Hyundai Oilbank holds with DLA Energy, valued at up to $25,117,187.45 and expiring on December 31, 2024. The contract has no set-aside designation, indicating HD Hyundai Oilbank's competitive position in the market for supplying these critical fuel products to the U.S. military.
Quick answers
Who was awarded contract SPE60224FA23K?
SPE60224FA23K was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on July 22, 2024.
How much is contract SPE60224FA23K worth?
The government has obligated $865,272 on SPE60224FA23K.
Is contract SPE60224FA23K an order under another contract?
Yes. SPE60224FA23K is a delivery order under SPE60224D0453, an indefinite delivery contract.
Was contract SPE60224FA23K competed?
The extent of competition for SPE60224FA23K was full and open competition.
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