W91QVN17A0025 - RENTAL OF VEHICLES

This BPA contract for Automotive Parts & Products > Transportation and Logistics Services, Passenger Travel was awarded in FY2017 on Mar 28, 2017 to Hanjin Transportation Co., Ltd. by 175th Financial Management Center. There have been $352.2k in obligations to date with a ceiling value of $500k, showing a 70% burn rate so far on the contract. The contract was not competed under any preference program with 0 offers received. We expect a 5 year duration with ultimate completion date of Mar 30, 2022.

Hanjin Transportation Co., Ltd. is a contractor located in SEOUL, doing primarily Petro-Chemical Industries > Transportation and Logistics Services work for Defense. The company receives $12M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.

Blanket Purchase Agreements or BPAs establish a method for the Government to satisfy a repetitive need for goods and services. When a government-wide need exists for specific products or services, a BPA allows the Government to establish a single contract to satisfy those needs. Creating a single source for common needs enables the Government to use buying power to drive down prices and avoid the higher costs associated with hundreds or thousands of customers purchasing independently.

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Buying Agency/Office

Army»Army Pacific Command»Eighth Army»175th Financial Management Center

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