Protection & indemnity (P & I) policy to provide coverage for all of the risks associated with a standard marine P & I policy, with policy limits of at least $1,000,000,000 for each training ship…
Active Definitive Contract Awarded Last action
- Contract number
- 693JF726C000004
- Awardee
-
Arthur J Gallagher & Co UEI N9V9SNDLG6K9
- Awarding agency
-
Maritime Administration
Department of Transportation
- Obligated
- $1,245,976
Award facts
- Opportunity
-
- Amendment 0002: Oil Pollution and Hazardous Substance Insurance Solicitation · 693JF725R000003 · Posted Nov 27, 2024
- Contract value 100% obligated
- $1,245,976.23 Current and potential, with all options
- Completion date 14% complete
- Current and potential, with all options
- NAICS code
- 524210 Insurance Agencies and Brokerages
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 4 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20590, 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 |
|---|---|---|
| Other Administrative Action | $0 | |
| Funding Only Action | $118,894 | |
| Original award | $1,127,082 |
About this award
The Maritime Administration awarded a definitive contract to Arthur J. Gallagher & Co. for Protection & Indemnity insurance on February 19, 2026, with a ceiling value of $1,245,976.23 and an ultimate completion date of February 18, 2031.
The originating solicitation seeks an oil pollution and hazardous substance insurance policy to cover the National Defense Reserve Fleet vessels, with policy limits of at least $1 billion for each training ship owned by the U.S. Government. The contract structure includes a six-year base period from March 1, 2025, to February 28, 2031, with two additional 24-month option periods extending potential performance to February 28, 2035. Performance location is Washington, DC. The insurance covers 55 vessels in the MARAD fleet that may transit navigable waters worldwide, with annual reconciliation of vessel coverage on a per diem basis to accommodate changes in fleet composition.
The solicitation was posted November 27, 2024, with a due date of December 27, 2024, and was awarded on a best-value basis under NAICS 524210 (Insurance Agencies and Brokerages). Pricing is firm fixed price. The award also incorporates FAR 52.222-90 addressing DEI discrimination by federal contractors.
Description
Protection & indemnity (P & I) policy to provide coverage for all of the risks associated with a standard marine P & I policy, with policy limits of at least $1,000,000,000 for each training ship owned by the U.S. Government that are berth at
Quick answers
Who was awarded contract 693JF726C000004?
693JF726C000004 was awarded to Arthur J Gallagher & Co by Maritime Administration (Department of Transportation) on February 19, 2026.
How much is contract 693JF726C000004 worth?
The government has obligated $1,245,976 on 693JF726C000004.
Was contract 693JF726C000004 competed?
The extent of competition for 693JF726C000004 was full and open competition. The government received 4 offers.
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