This opportunity is for the repair of an INDICATOR, TANK LEVE component for the U.S. Navy, with a required Repair Turnaround Time (RTAT) of 120 days from asset receipt to government acceptance. The contract will be firm-fixed-price, and the government intends to add a 100% option quantity exercisable within 365 days of award, with the same delivery terms as the base items. Performance of services will be at the contractor's facility, with freight handled by the Navy under the Commercial Asset Visibility (CAV) Statement of Work. Offerors must provide pricing, RTAT commitment, and a price reduction amount per unit per month for late delivery, with a maximum cap. The award will be bilateral, requiring written acceptance, and all repair work must meet original manufacturer specifications and quality assurance standards.