SPE60524D4504 - GASOLINE, AUTOMOTIVE

This IDC contract for Petro-Chemical Industries > Transportation and Logistics Services was awarded in FY2024 on Oct 31, 2023 to Foster Fuels, Inc by DLA Energy. There have been $335.2k in obligations to date with a ceiling value of $4M, showing a 8% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 33 offers received. We expect a 5 year duration with ultimate completion date of May 30, 2028.

Foster Fuels, Inc is a contractor located in VA, doing primarily Petro-Chemical Industries > Transportation and Logistics Services work for Defense. The company receives $2.3M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Buying Agency/Office

Defense»Defense Logistics Agency (DLA)»DLA Energy

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