This is a firm-fixed-price contract for the repair of a globe valve, requiring a 180-day Repair Turnaround Time (RTAT) from physical receipt at the contractor's facility to final government acceptance. The contract includes a significant price reduction penalty for each unit per month the contractor fails to meet the RTAT, with the specific penalty amount to be filled in by the bidder. Government Source Inspection (GSI) is required at the contractor's facility, and all freight is FOB Origin. The contractor must be an authorized distributor of the original manufacturer's item and provide proof with their offer.