Trip data collection and analysis
Active Definitive Contract Awarded Last action
- Contract number
- 2032H323C00014
- Awardee
-
Insurance Services Office, Inc. UEI RFDZMGHEVVB9 Part of Verisk Analytics, Inc.
- Awarding agency
-
Departmental Offices
Department of the Treasury
- Obligated
- $1,822,087
Award facts
- Opportunity
-
- AMENDMENT 02- Terrorism Risk Insurance Program (TRIP) Data Collection, Validation, and Analysis Solicitation · 2032H323R00005 · Posted Jan 5, 2023
- Contract value 71% obligated
-
- $1,822,087.24 Current, with exercised options
- $2,550,716.47 Potential, with all options
- Completion date 74% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- R702 Support- Management: Data Collection
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20220, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $461,261 | |
| Exercise an Option | $449,471 | |
| Original award | $438,005 |
About this award
The Department of the Treasury's Departmental Offices awarded a $2.55 million definitive contract to Insurance Services Office, Inc. for Terrorism Risk Insurance Program (TRIP) data collection and analysis on March 1, 2023, with performance extending through February 29, 2028.
The originating solicitation, posted January 5, 2023, sought contractor support for the annual TRIP Section 111 Data Call, requiring the awardee to aggregate and validate insurer-submitted data, develop a secure web-based system for insurer reporting by March 15 each year, and deliver statistical and supplemental reports. The contract covers a one-year base period plus four one-year option periods on a firm-fixed price basis. Place of performance is Washington, DC.
Under NAICS 541611 (Administrative Management and General Management Consulting Services), Insurance Services Office operates as a subsidiary of Verisk Analytics, Inc. Government-invoiced labor shows 0.3 FTEs in FY2024–FY2025, with FY2024 invoicing of $448 thousand across 569 contractor hours ($788.26 average hourly rate). The prime self-performed all reported hours with no subcontractor engagement.
Quick answers
Who was awarded contract 2032H323C00014?
2032H323C00014 was awarded to Insurance Services Office, Inc. by Departmental Offices (Department of the Treasury) on March 1, 2023.
How much is contract 2032H323C00014 worth?
The government has obligated $1,822,087 on 2032H323C00014. Its potential value, with all options, is $2,550,716.
Was contract 2032H323C00014 competed?
The extent of competition for 2032H323C00014 was competed under sap. The government received 1 offer.
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