FIO's efficient and effective administration of trip, as well as FIO's continued monitoring and evaluation of the terrorism risk insurance market.
Active Definitive Contract Awarded Last action
- Contract number
- 2032H321C00036
- Awardee
-
Inpoint, Inc. UEI RAB9GZS2GNH3
- Awarding agency
-
Departmental Offices
Department of the Treasury
- Obligated
- $4,072,747
Award facts
- Opportunity
-
- Terrorism Risk Insurance Program (TRIP) for Terrorism Risk Modeling Solicitation · 2032H321Q00058 · Posted Jun 23, 2021
- Contract value 100% obligated
- $4,072,747.00 Current and potential, with all options
- Completion date 93% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 524298 All Other Insurance Related Activities
- PSC
- B599 Special Studies/Analysis- Other
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 3 offers Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Chicago, IL 60601, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $162,956 | |
| Supplemental Agreement for work within scope | $425,911 | |
| Other Administrative Action | $0 | |
| Terminate for Convenience | -$500,000 | |
| Exercise an Option | $1,353,280 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $830,400 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $1,014,000 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $786,200 |
Show all 11
About this award
The Department of the Treasury's Federal Insurance Office awarded a $4.07 million definitive contract to Inpoint, Inc. for terrorism risk insurance program risk modeling support on September 28, 2021, under firm fixed price and no set-aside.
The originating solicitation, posted June 23, 2021, sought customized terrorism risk models and associated reports incorporating commercially available property and employment data to estimate losses from various attack scenarios. Key deliverables include an initial terrorism risk insurance model, annual maintenance and enhancements, addition of a cyber component, and annual loss estimation reports. The Internal Revenue Service issued the request on behalf of the Treasury's Terrorism Risk Insurance Program to support the Federal Insurance Office's administration of the program and monitoring of the terrorism risk insurance market.
Place of performance is Chicago, IL. The contract ceiling is $4.07 million. Period of performance runs through March 27, 2027. The opportunity was evaluated on technical approach, past performance, experience, and price using best value tradeoff. NAICS code 524298 (insurance advisory services) applies.
Quick answers
Who was awarded contract 2032H321C00036?
2032H321C00036 was awarded to Inpoint, Inc. by Departmental Offices (Department of the Treasury) on September 28, 2021.
How much is contract 2032H321C00036 worth?
The government has obligated $4,072,747 on 2032H321C00036.
Was contract 2032H321C00036 competed?
The extent of competition for 2032H321C00036 was competed under sap. The government received 3 offers.
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