Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60224FZ954
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $1,902,960
Award facts
- Contract value 100% obligated
- $1,902,959.90 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 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.
Quick answers
Who was awarded contract SPE60224FZ954?
SPE60224FZ954 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on May 23, 2024.
How much is contract SPE60224FZ954 worth?
The government has obligated $1,902,960 on SPE60224FZ954.
Is contract SPE60224FZ954 an order under another contract?
Yes. SPE60224FZ954 is a delivery order under SPE60224D0453, an indefinite delivery contract.
Was contract SPE60224FZ954 competed?
The extent of competition for SPE60224FZ954 was full and open competition.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award