Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60224FA23M
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $920,210
Award facts
- Contract value 100% obligated
- $920,210.43 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.
About this award
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.
Quick answers
Who was awarded contract SPE60224FA23M?
SPE60224FA23M was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on July 22, 2024.
How much is contract SPE60224FA23M worth?
The government has obligated $920,210 on SPE60224FA23M.
Is contract SPE60224FA23M an order under another contract?
Yes. SPE60224FA23M is a delivery order under SPE60224D0453, an indefinite delivery contract.
Was contract SPE60224FA23M competed?
The extent of competition for SPE60224FA23M was full and open competition.
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