EQUITABLE ADJUSTMENT-GROUND/BULK FUELS
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Contract SPE60522D4011 was awarded by the Defense Logistics Agency on September 28, 2022, to Fannon Petroleum Services, Inc. for the procurement of ground and bulk fuels, specifically diesel fuel and automotive gasoline. The total contract price is 22,541,056.74 dollars. The agreement mandates strict adherence to Quality Technical Provisions, various Quality Assurance Provisions, and ASTM standards to ensure fuel specifications are met. Throughout the contract term, several modifications have been implemented to adjust scope and pricing. These include the addition of diesel fuel deliveries to the Cheltenham Readiness Center with a performance period extending through August 31, 2027, and the addition of multiple line items for various fuel products. Administrative updates have also been made to adjust escalator reference indicators for pricing based on OPIS daily rates and to provide equitable adjustments for additional relocation and delivery fees incurred during rejected deliveries.
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