This opportunity is for the repair of a VALVE, BUTTERFLY, with a required Repair Turnaround Time (RTAT) of 76 days from asset receipt to government acceptance. All pricing must be firm and include all costs associated with the complete repair, with freight handled FOB Origin by the Navy. The contractor must perform all work in accordance with approved repair standards and is subject to Government Source Inspection (GSI). Failure to meet the required RTAT will result in a price reduction per unit per month, unless the delay is excusable. The performance location is at the contractor's facility, as indicated by the awardee's CAGE code.