Turbine fuel, aviation
Ended Awarded Last action
- Contract number
- SPE60225FA86L
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $1,746,391
Award facts
- Contract value 96% obligated
- $1,817,136.89 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
The Department of Defense issued a $1.82 million delivery order to HD Hyundai Oilbank Co., LTD on December 17, 2024, for aviation turbine fuel under a fixed-price contract with economic price adjustment provisions.
The order is issued under the Defense Logistics Agency Energy's WESTPAC (Western Pacific) Purchase Program, a single-award Indefinite Delivery Contract with a ceiling of $23.1 million running through December 31, 2025. Place of performance is South Korea. The order has an ultimate completion date of January 8, 2025 and procures PSC 8511084776 (Turbine Fuel, Aviation) with no set-aside designation. The contract pricing structure includes economic price adjustment to account for fuel market fluctuations. This delivery order is one of multiple awards issued to HD Hyundai Oilbank against the WESTPAC IDC for aviation turbine fuels supporting U.S. military operations across the Western Pacific and Middle East regions.
Quick answers
Who was awarded contract SPE60225FA86L?
SPE60225FA86L was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on December 17, 2024.
How much is contract SPE60225FA86L worth?
The government has obligated $1,746,391 on SPE60225FA86L. Its current value, with exercised options, is $1,817,137.
Is contract SPE60225FA86L an order under another contract?
Yes. SPE60225FA86L is a delivery order under SPE60225D0455, an indefinite delivery contract.
Was contract SPE60225FA86L competed?
The extent of competition for SPE60225FA86L was full and open competition.
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