This is a firm-fixed-price contract for the repair of a pressure reducing valve, requiring a 180-day Repair Turnaround Time (RTAT) from physical receipt at the contractor's facility. The contract includes significant financial penalties, with the contractor required to specify a per-unit, per-month price reduction amount for failing to meet the RTAT, up to a defined maximum. Government Source Inspection is mandatory, and all freight is FOB Origin, with shipping handled by Navy CAV to the contractor's facility. The contractor must be an authorized distributor of the original manufacturer's item and provide proof with their offer. Performance will occur at the contractor's own facility, as assets are shipped there for repair.