This is a firm-fixed-price contract for the repair of a specific regulating valve (VALVE,REGULATING,FL) for the Navy, with a required Repair Turnaround Time (RTAT) of 294 days from asset receipt to acceptance. The performance location is the contractor's facility, as assets will be shipped FOB Origin to the contractor for repair, and Government Source Inspection is required. The contractor must provide a quote including unit price, total price, and RTAT, and is subject to price reductions for failing to meet the required RTAT without an excusable delay. The work must be performed in accordance with specific technical standards, and the contractor must be an authorized distributor of the original manufacturer's part.