Indefinite Delivery Contract SPE60221D0756

Award Date 2/4/21
Last Date to Order 4/30/23
Federal Agency
Energy
Ultimate Awardee
Not listed
Federal Contract Vehicle
Pricing Type
Fixed Price with Economic Price Adjustment
Legislative Mandate
Not listed
National Interest Action
None
Award Type
Single
Primary Consortia Member
Not listed
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  • SPE60221D0756
    Indefinite Delivery Contract
  • 4
    Federal Contract Awards

The indefinite delivery contract awarded by the Defense Logistics Agency Energy procures lubricating oil, air from Radco Industries, Inc. The IDV has a potential value of $760,463.08 and period of performance through April 30, 2023. Four delivery orders have been issued against the contract to date for a combined value of approximately $487,067, with places of performance in Batavia, Illinois. The delivery orders utilize fixed pricing with economic price adjustment terms and have periods of performance ranging from February 2022 through July 2021. As the Defense Logistics Agency Energy supports fuel and energy needs for the Department of Defense, this IDV and associated task orders provide necessary lubrication products to military installations and operations in the Midwest region. No set-aside designations were applied to the IDV award or subsequent delivery orders placed under the contract vehicle.

The IDV and its task orders continue the Defense Logistics Agency Energy's mission to procure petroleum, oil, and lubrication supplies for U.S. armed forces worldwide. Radco Industries, Inc. serves as the prime contractor, responsible for fulfilling lubricating oil, air requirements across the multiple delivery orders issued to date. Contract details indicate fixed price economic adjustment contracts are utilized to provide pricing stability while accounting for market fluctuations impacting this commodity. Placement of orders in Batavia, Illinois suggests support for operations and logistics centers in the Midwest theater of operations.

Generated 1/5/24, 7:10 PM