Department of Defense Awarded a Contract to PAPCO, INC for $129,033,496.78

Summary of Award

The awarded contract between the US federal government and the recipient, PAPCO, INC, is for the COG 3 FUELS CONTRACT, with a total obligation of $129,033,496.78. The contract falls under the category of INDEFINITE DELIVERY / REQUIREMENTS and was signed on June 24, 2013. The contract involves the procurement of fuel oils, with the recipient being a U.S.-owned business based in Virginia Beach, Virginia.

The contract was awarded by the Department of Defense, specifically the Defense Logistics Agency (DLA ENERGY). The period of performance for the contract is from August 1, 2013, to February 20, 2018, with the last modified date being December 6, 2022. The contract is a single award with full and open competition, and it falls under the NAICS code 324110 for Petroleum Refineries.

The contract was solicited through a negotiated proposal/quote process, with 47 offers received. There was no set-aside used, and the contract was not for a commercial item acquisition. The contract pricing is fixed price with economic price adjustment, and it is a multi-year contract. The contract does not require a subcontracting plan, and it does not involve construction wage rates or labor standards. The recipient, PAPCO, INC, is a small business and a corporate entity not tax-exempt. They are a subsidiary of WORLD KINECT CORPORATION and operate in the fuels, lubricants, oils, and waxes industry. Their location is in Virginia Beach, Virginia, and they are a U.S.-owned business. Overall, the contract between the US federal government and PAPCO, INC for the COG 3 FUELS CONTRACT involves the procurement of fuel oils and has a total obligation of $129,033,496.78. The contract was awarded through a competitive process and is part of the Department of Defense's efforts to secure petroleum products for domestic use.