Office of workers' compensation programs (OWCP) actuarial liability estimates, and related audit support services.
Active Definitive Contract Awarded Last action
- Contract number
- 1605C324C0006
- Awardee
-
Lepton Actuarial & Consulting, LLC UEI P8U3FBDU5U35
- Awarding agency
-
Office of the Assistant Secretary for Administration and Management
Department of Labor
- Obligated
- $378,634
Award facts
- Opportunity
-
- Actuarial Liability Services Pre-Solicitation · 1605C324R00006 · Posted Dec 22, 2023
- Contract value 36% obligated
-
- $609,000.00 Current, with exercised options
- $1,042,500.00 Potential, with all options
- Completion date 47% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- Funding agency
- Office of Workers Compensation Program Department of Labor
- NAICS code
- 524298 All Other Insurance Related Activities
- PSC
- R499 Support- Professional: Other
- Set-aside
- Total Small Business
- Competition
- Full and Open Competition after exclusion of sources · 3 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- New York, NY 10022, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $105,212 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $20,376 | |
| Exercise an Option | $121,551 | |
| Funding Only Action | $78,358 | |
| Original award | $53,137 |
About this award
The Department of Labor awarded a $1.04 million definitive contract to Lepton Actuarial & Consulting, LLC for actuarial liability estimates and related audit support services on June 27, 2024, under a total small business set-aside.
The originating solicitation, posted December 22, 2023, seeks actuarial liability review and analytical support for three programs: the Energy Employees Occupational Illness Compensation Program Act, Black Lung Benefits Act, and Federal Employees' Compensation Act. The contractor will review annual estimates and provide audit support across all three programs. Place of performance is New York, NY. The contract carries a firm fixed-price structure with a base year and four option years, extending through June 26, 2029. NAICS code 524298 applies.
Quick answers
Who was awarded contract 1605C324C0006?
1605C324C0006 was awarded to Lepton Actuarial & Consulting, LLC by Office of the Assistant Secretary for Administration and Management (Department of Labor) on June 27, 2024.
How much is contract 1605C324C0006 worth?
The government has obligated $378,634 on 1605C324C0006. Its current value, with exercised options, is $609,000. Its potential value, with all options, is $1,042,500.
Which agency awarded contract 1605C324C0006?
Office of the Assistant Secretary for Administration and Management (Department of Labor) awarded 1605C324C0006, with funding from Office of Workers Compensation Program (Department of Labor).
Was contract 1605C324C0006 competed?
The extent of competition for 1605C324C0006 was full and open competition after exclusion of sources. The government received 3 offers. It was set aside: Total Small Business.
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