Provision of specialty medicare administrative contractor (smac) services.
Active Definitive Contract Awarded Last action
- Contract number
- 60RRBH24C0001
- Awardee
-
Palmetto Gba, LLC UEI CFLDECZBMDV6 Part of Blue Cross & Blue Shield Of South Carolina
- Awarding agency
-
Railroad Retirement Board
- Obligated
- $42,288,327
Award facts
- Opportunity
-
- Solicitation 60RRBH21R0011 - RRB Specialty MAC Pre-Solicitation · 60RRBH21R0011 · Posted Jun 4, 2021
- Contract value 27% obligated
-
- $54,180,295.57 Current, with exercised options
- $156,433,013.57 Potential, with all options
- Completion date 22% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 923130 Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs)
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Cost Plus Award Fee
- Place of performance
- Columbia, SC 29203, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $7,418,600 | |
| Funding Only Action | $3,910,170 | |
| Other Administrative Action | $5,671,230 | |
| Funding Only Action | $22,032 | |
| Exercise an Option | $10,229,877 | |
| Funding Only Action | $1,287,103 | |
| Other Administrative Action | $379,665 | |
| Funding Only Action | $6,566,575 | |
| Other Administrative Action | $0 | |
| Funding Only Action | -$1,187,465 | |
| Original award | $7,990,540 |
Show all 13
About this award
The Railroad Retirement Board awarded a definitive contract to Palmetto GBA, LLC for specialty Medicare Administrative Contractor (SMAC) services on August 19, 2024, with a ceiling value of $156.4 million and no set-aside designation.
The contract covers health insurance benefit administration services, with place of performance in Columbia, SC. The ultimate completion date is September 30, 2034. Modification P00011 was issued on September 1, 2026 to accept the contractor's request for equitable adjustment for Option Year Two services. The contract is structured as cost plus award fee.
In fiscal year 2025, the most recent reporting period, Palmetto GBA invoiced $19.4 million and deployed 125 FTEs across 260,844 contractor hours. The derived government-paid hourly rate declined from $89.68 in FY2024 to $74.56 in FY2025. The contractor subcontracted approximately 3 percent of labor hours to a team of specialty vendors.
Quick answers
Who was awarded contract 60RRBH24C0001?
60RRBH24C0001 was awarded to Palmetto Gba, LLC by Railroad Retirement Board on August 19, 2024.
How much is contract 60RRBH24C0001 worth?
The government has obligated $42,288,327 on 60RRBH24C0001. Its current value, with exercised options, is $54,180,296. Its potential value, with all options, is $156,433,014.
Was contract 60RRBH24C0001 competed?
The extent of competition for 60RRBH24C0001 was full and open competition. The government received 2 offers.
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