Delivery Order SPE60224D0453-SPE60224FZ954

Award Date 5/23/24
Potential Completion Date 6/11/24
Potential Value $1.9M
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-SPE60224FZ954
    Delivery Order

This federal contract award, valued at $1,902,959.90, was issued by the Defense Logistics Agency (DLA) Energy to HD Hyundai Oilbank Co., Ltd., a foreign-owned, for-profit organization based in South Korea. The contract is for the delivery 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. military operations in the Western Pacific and Middle East regions. This contract is a Delivery Order under a larger Indefinite Delivery Contract (IDC) with HD Hyundai Oilbank, which has a potential value of up to $25,117,187.45 and covers the supply of multiple petroleum products through December 31, 2024. The contract does not have a set-aside designation, and it utilizes a fixed-price with economic price adjustment pricing structure. HD Hyundai Oilbank plays a crucial role in maintaining the U.S. military's fuel supply chain in the region, delivering fuel to various military installations and ships at sea.

Generated 8/22/24, 3:47 PM