Definitive Contract 2031JW21C00019
Ended Awarded Last action
- Contract number
- 2031JW21C00019
- Awardee
-
Metropolitan Life Insurance Co UEI XN1CSKV5KNR8 Part of Metlife, Inc.
- Awarding agency
-
Office of the Comptroller of the Currency
Department of the Treasury
- Obligated
- $11,294,680
Award facts
- Opportunity
-
- Group Life Insurance Solicitation · 2031JW21Q00092 · Posted Jun 8, 2021
- Contract value 100% obligated
- $11,294,679.64 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 524113 Direct Life Insurance Carriers
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Bridgewater, NJ 08807, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$316,590 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $2,953,444 | |
| Exercise an Option | $2,755,115 | |
| Supplemental Agreement for work within scope | $2,570,401 | |
| Supplemental Agreement for work within scope | $2,398,890 | |
| Original award | $933,419 |
About this award
The U.S. Office of the Comptroller of the Currency (OCC) and the Office of Financial Research (OFR) awarded a $11,294,679.64 firm-fixed-price definitive contract to Metropolitan Life Insurance Co (MetLife) for group life insurance services. The contract has an ultimate completion date of December 31, 2025 and is not a set-aside. MetLife will administer the group life insurance program covering approximately 2,580 active employees and 2,510 retirees, including 688 in a frozen group. The services include underwriting and administering the group life insurance program, which provides optional supplemental life insurance of up to $500,000 or five times salary. This contract was awarded under the OCC's solicitation for group life insurance administration and underwriting services.
Quick answers
Who was awarded contract 2031JW21C00019?
2031JW21C00019 was awarded to Metropolitan Life Insurance Co by Office of the Comptroller of the Currency (Department of the Treasury) on August 1, 2021.
How much is contract 2031JW21C00019 worth?
The government has obligated $11,294,680 on 2031JW21C00019.
Was contract 2031JW21C00019 competed?
The extent of competition for 2031JW21C00019 was competed under sap. The government received 1 offer.
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