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  5. ›Motor Fuels, 89-0ctane gasoline and diesel fuels utilizing…

Awarded contract·Tampa International Airport·Florida

Motor Fuels, 89-0ctane gasoline and diesel fuels utilizing Orange County BOCC IFB/Contract Y18-1124-MV

Won by Palmdale Oil Company Inc$1.2MSingle Award
Contract source

Awarded vendors

  • Palmdale Oil Company Inc

Description

This contract is for the provision of motor fuels, specifically 89-octane gasoline and diesel fuel, to the Tampa International Airport and three General Aviation Airports. The contract was awarded to Palmdale Oil Company Inc, a registered supplier with the airport, and has a term of one year with four one-year renewal options. The pricing is based on a fixed mark-up fee added to the weekly OPIS Wholesale Rack prices for the Taft Terminal. The contract is expected to provide fixed pricing for up to five years and save the airport up to $0.03 per gallon of fuel delivered. • The contract is for the provision of motor fuels, including 89-octane gasoline and diesel fuel. • The contract was awarded to Palmdale Oil Company Inc, a registered supplier with the Tampa International Airport. • The contract has a term of one year with four one-year renewal options. • The pricing is based on a fixed mark-up fee added to the weekly OPIS Wholesale Rack prices for the Taft Terminal. • The contract is expected to provide fixed pricing for up to five years and save the airport up to $0.03 per gallon of fuel delivered.

Attached files

Key dates

Starts
10/7/2018
Ends
10/6/2023Renews
Duration
1 years

Last updated

Details

Award type
Single Award
Procurement
Government-Wide Acquisition Contract (GWAC)
Industry
Energy and Utilities
NAICS
424710
Solicitation №
67760

Contract value

$1,175,000

Based on the contract information, the total value of the contract can be estimated by multiplying the average monthly fuel consumption by the fixed mark-up fee and the number of months in the contract term. The average monthly fuel consumption is 9500 gallons, and the fixed mark-up fee for 89-octane gasoline is $0.1043, for undyed diesel is $0.1217, and for dyed diesel is $0.1248. Assuming an average fuel price of $2.50 per gallon, the total value of the contract for one year can be estimated as follows: 9500 gallons/month x 12 months x $2.50/gallon x 1.05 (markup fee) = $1,177,500 This estimate is close to the budgeted amount of $1,175,000. Therefore, the estimated value of the contract is approximately $1,175,000.

AI estimate from the award documents

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