Hanbaek Construction Co.,Ltd

Hanbaek Construction Co., Ltd, a South Korea-based for-profit limited liability company, delivers general construction repair, facility modernization, and equipment replacement services to the U.S. Army as a prime contractor exclusively — all twelve recent awards are prime contracts or indefinite delivery vehicles, with no subcontract presence. The vendor operates entirely under full-and-open competition with no set-aside designation and has established a specialized footprint serving U.S. Forces Korea installations on the Korean peninsula.

The vendor's capability portfolio centers on facility infrastructure maintenance and modernization at forward-deployed U.S. military bases. Representative work includes a $1.97 million firm fixed-price delivery order (August 2025) for water pipeline and booster pumping system replacement at Camp Humphreys; a $2.19 million delivery order (April 2025) for fire sprinkler and humidity control equipment repairs at Camp Carroll Building 835; a $1.13 million delivery order (June 2025) for humidity control equipment repair at Camp Carroll Building 837; and a $1.07 million delivery order (May 2026) for chiller repair at U.S. Army Garrison Humphreys Building P-12410. Additional work spans cooling system replacement, air compressor and valve replacement, potable chiller pipe installations across 60 buildings, and construction of a traditional Korean pavilion.

Customer concentration is absolute and narrow. All twelve awards flow through three administrative arms of the Department of the Army: the Army Installation Management Command's Pacific Region (9 awards, $496.9 million combined potential value), the Army Installation Management Command's Korean Region (2 awards, $245 million combined potential value), and Army Pacific Command (1 award, $267 thousand). The Army Installation Management Command Pacific Region accounts for 67% of combined potential value across the portfolio.

Hanbaek holds three indefinite delivery vehicle positions under the General Construction by Operation and Maintenance, Army master contract, each valued at $245 million with an ultimate completion date of October 4, 2028. One is designated a multiple-award IDIQ and two are single-award IDIQs. Nine delivery orders have been issued against these vehicles to date, with a combined obligated value of $7.2 million (representing 1% of the $742.2 million combined potential value across all awards). The low obligation rate reflects the indefinite nature of the vehicles and the vendor's recent award activity — most delivery orders carry completion dates between mid-2025 and mid-2027.

Activity has averaged three awards per year since the initial October 2023 IDV awards, with two awards in 2026 to date (most recent May 28, 2026). Three awards with combined potential value of $3.2 million reach ultimate completion within the next twenty-four months and therefore face recompete risk. All work is performed in South Korea under firm fixed-price structures. The vendor's market position depends entirely on sustained Army facility maintenance demand at U.S. Forces Korea installations and on retaining its seats on the General Construction by OMA IDV family.