W91QVN13A0018 - RENTAL OF VEHICLES, USFK

This BPA contract for Automotive Parts & Products > Transportation and Logistics Services, Passenger Travel was awarded in FY2013 on Jun 20, 2013 to Hanjin Transportation Co., Ltd. by 411th Contracting Support Brigade. There have been $433k in obligations to date with a ceiling value of $4.6M, showing a 9% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 5 year duration with ultimate completion date of Jun 24, 2018.

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 Materiel Command»Army Contracting Command»411th Contracting Support Brigade

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