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Department of the Treasury Awarded a Contract to PAPCO, INC for $381,112.70
Signed on
12/1/2016, 12:00 AM
PAPCO, INC Government Contract #TIRSE17K00018
PAPCO, INC was awarded a contract with the United States Government for $381,112.70. The contract was awarded by the agency office IT STRATEGY AND MODERNIZATION, which is a division with the Internal Revenue Service within the Department of the Treasury.
Summary of Award
The awarded contract between the US federal government and the recipient, PAPCO, INC, involves the purchase and delivery of fuel oil with a total obligation of $381,112.7. The contract falls under the Department of Defense, specifically the Internal Revenue Service, and was signed on December 1, 2016. The contract is a delivery order type with a base and all options value of $381,112.7.
PAPCO, INC is a U.S.-owned business located in Virginia Beach, Virginia, and specializes in providing fuel oils. The company operates under the parent recipient, World Fuel Services Corp. The contract with PAPCO, INC is part of a single-award indefinite delivery/requirements contract with the Department of Defense.
The transactions related to the contract include five modifications. The first transaction, dated December 1, 2016, involved a transaction amount of $206,250. The second transaction, on January 11, 2017, had a transaction amount of $412,500. The third transaction, on June 28, 2017, amounted to $206,250. The fourth transaction, on September 11, 2019, had a transaction amount of -$443,887.3. The most recent transaction, on March 18, 2025, had a transaction amount of $0.
The contract was funded by the Department of the Treasury, specifically the Internal Revenue Service. The period of performance for the contract was from December 1, 2016, to June 28, 2017, with a last modified date of April 3, 2025. The place of performance was in Kearneysville, West Virginia.
The contract was awarded through a negotiated proposal/quote process with full and open competition. The product or service code for the contract is 9140, and the NAICS code is 324110, which corresponds to petroleum refineries. The contract was a fixed-price with economic price adjustment type of contract.
Overall, the contract between the US federal government and PAPCO, INC for the purchase and delivery of fuel oil demonstrates a significant financial transaction with multiple modifications over the years. The contract aligns with the government's need for fuel oils and supports a U.S.-owned business in providing essential products and services to government agencies.
Contract Details
Agency Details
Recipient Details
Comments
Award Transactions
Internal Revenue Service, a sub agency of Department of the Treasury, issued a payment of $0.00 to PAPCO, INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Internal Revenue Service, a sub agency of Department of the Treasury, issued a payment of $0.00 to PAPCO, INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Internal Revenue Service, a sub agency of Department of the Treasury, issued a payment of $-443,887.30 to PAPCO, INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Internal Revenue Service, a sub agency of Department of the Treasury, issued a payment of $206,250.00 to PAPCO, INC. The payment included a Subsidy Cost of $0.00.
Internal Revenue Service, a sub agency of Department of the Treasury, issued a payment of $412,500.00 to PAPCO, INC. The payment included a Subsidy Cost of $0.00.
Internal Revenue Service, a sub agency of Department of the Treasury, issued a payment of $206,250.00 to PAPCO, INC. The payment included a Subsidy Cost of $0.00.