Fcic board expert reviews 508 (h) turfgrass value
Ended Awarded Last action
- Contract number
- 12FPC126F0032
- Awardee
-
Oliver Wyman Actuarial Consulting Inc. UEI KME7ZSE4MVL8 Part of Marsh & Mclennan Companies Inc.
- Awarding agency
-
Farm Production and Conservation
Department of Agriculture
- Obligated
- $29,100
Award facts
- Contract value 100% obligated
- $29,100.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Risk Management Agency Department of Agriculture
- NAICS code
- 541990 All Other Professional, Scientific, and Technical Services
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Labor Hours
- Place of performance
- New York, NY, USA
Award details come from SAM.gov/FPDS.
About this award
Oliver Wyman Actuarial Consulting Inc., a subsidiary of Marsh & McLennan Companies Inc., received a Blanket Purchase Agreement (BPA) call order valued at $29.1K from the U.S. Department of Agriculture's Risk Management Agency for expert actuarial reviews of the Federal Crop Insurance Program's Turfgrass Value product line. The contract, awarded competitively without set-aside designation on March 23, 2026, is scheduled for completion by April 17, 2026, and will be performed in New York, NY. This task order is issued under Oliver Wyman's existing $250K single-award BPA with the Risk Management Agency, which is effective through September 30, 2028, and authorizes the contractor to conduct specialized actuarial and underwriting expert reviews of crop insurance policies and related materials as required under the Federal Crop Insurance Act.
The assignment leverages Oliver Wyman's established expertise in providing technical assessments and statistical modeling for the Risk Management Agency's agricultural insurance programs. The contractor has a track record of conducting detailed actuarial analyses for various crop insurance modifications, including prior expert reviews for programs such as Dairy Revenue Protection, Hybrid Wheat Seed, and Livestock Gross Margin initiatives. This engagement aligns with the agency's ongoing efforts to evaluate and refine federal crop insurance product offerings to ensure actuarial soundness and alignment with program objectives.
Quick answers
Who was awarded contract 12FPC126F0032?
12FPC126F0032 was awarded to Oliver Wyman Actuarial Consulting Inc. by Farm Production and Conservation (Department of Agriculture) on March 23, 2026.
How much is contract 12FPC126F0032 worth?
The government has obligated $29,100 on 12FPC126F0032.
Which agency awarded contract 12FPC126F0032?
Farm Production and Conservation (Department of Agriculture) awarded 12FPC126F0032, with funding from Risk Management Agency (Department of Agriculture).
Is contract 12FPC126F0032 an order under another contract?
Yes. 12FPC126F0032 is a BPA call under 12FPC124A0002, a blanket purchase agreement.
Was contract 12FPC126F0032 competed?
The extent of competition for 12FPC126F0032 was competed under sap. The government received 1 offer.
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