The Defense Logistics Agency (DLA) Energy awarded Indefinite Delivery Contract SPE60519D4001 to the small business prime contractor Foster Fuels, Inc. of Brookneal, Virginia. The $475.8 million contract has an ultimate completion date of December 30, 2024 and enables DLA Energy to issue delivery orders for a wide range of petroleum products, including diesel fuel, automotive gasoline, aviation fuel, propane, and biodiesel. Most of the contracted fuel deliveries are to support Department of Defense (DoD) operations, with some requirements also for other federal agencies like the Department of Homeland Security.
Foster Fuels, as the single-award contractor, has demonstrated its ability to meet DLA Energy's tight delivery timelines and adapt to variable fuel specifications across multiple sectors. The contract utilizes fixed-price with economic price adjustment pricing, allowing for flexible pricing as fuel market conditions fluctuate. While the contract is not set aside for small businesses, Foster Fuels' credentials as a small business subchapter S corporation with over 100 years of fuel services experience have enabled it to successfully compete for and win this sizable DLA Energy IDV agreement.
Generated 1/29/25, 9:08 AM