Delivery Order SPE60224D0453-SPE60224FA23M

Award Date 7/22/24
Potential Completion Date 8/28/24
Potential Value $920K
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-SPE60224FA23M
    Delivery Order

This is a $920,210.43 fixed-price delivery order contract with economic price adjustment awarded to HD Hyundai Oilbank Co., LTD Special Product Business Team Division, a foreign-owned for-profit organization based in South Korea. The contract is for the delivery of aviation turbine fuels, including JP5, JP8, and Naval Distillate F76, to support U.S. Department of Defense operations in the Western Pacific and Middle East regions.

The contract was awarded by the Defense Logistics Agency (DLA) Energy, a major petroleum supplier to the U.S. military. This delivery order is part of a larger Indefinite Delivery Contract (IDC) with a ceiling value of $25,117,187.45 that runs through December 2024. HD Hyundai Oilbank has held several significant IDCs with DLA Energy worth between $17 million and $32 million, demonstrating its strategic importance as a key energy supplier to the U.S. Department of Defense. The contract does not have a set-aside designation, indicating HD Hyundai Oilbank's competitive position in the market for providing these critical aviation fuel products.

Generated 10/21/24, 9:42 AM