89243520CFE000009 - NORTHEAST HOME HEATING OIL RESERVE (NEHHOR) STORAG...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Facilities Purchase & Lease was awarded in FY2020 on March 05, 2020 to Buckeye Terminals, LLC by Office of Fossil Energy and Carbon Management. There have been $6.8M in obligations to date with a ceiling value of $6.8M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 4 year duration with ultimate completion date of March 31, 2024.
Buckeye Terminals, LLC is a contractor located in TX, doing primarily Facilities Purchase & Lease work for Energy. The company receives $19M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
- Contract Number
- 89243520CFE000009
- Contractor
- BUCKEYE TERMINALS, LLC
- Obligations to Date
- $6.8M
- Ceiling Value
- $6.8M
- Award Date
- 03/05/2020
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Energy » Office of Fossil Energy and Carbon Management
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