Contractor support to facilitate a property owner's insurance agent obtaining flood insurance for their client, the homeowner, directly from the government rather through a WYO company. Contractor…
Ended Definitive Contract Awarded Last action
- Contract number
- 70FA6022C00000006
- Awardee
-
Torrent Technologies, Inc. UEI W69TCJPDDLZ7 Part of Marsh & Mclennan Companies Inc.
- Awarding agency
-
FEMA Mitigation Section
Federal Emergency Management Agency, Department of Homeland Security
- Obligated
- $97,268,704
Award facts
- Opportunity
-
- FEMA NFIP Direct Bridge - Notice of Intent to Award a Sole Source Special Notice · Posted Jul 22, 2022
- Contract value 86% obligated
- $112,788,282.85 Current and potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- Funding agency
- Federal Emergency Management Agency Department of Homeland Security
- NAICS code
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20472, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$41,400 | |
| Funding Only Action | -$4,741,478 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Change Order | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $0 | |
| Exercise an Option | $21,508,886 | |
| Funding Only Action | $0 | |
| Supplemental Agreement for work within scope | $142,658 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $1,583,375 | |
| Funding Only Action | $0 | |
| Exercise an Option | $21,291,763 | |
| Funding Only Action | $49,680 | |
| Supplemental Agreement for work within scope | $0 | |
| Additional Work (new agreement, FAR part 6 applies) | $0 | |
| Funding Only Action | $2,636,769 | |
| Other Administrative Action | -$791,687 | |
| Exercise an Option | $18,365,903 | |
| Other Administrative Action | $1,638,698 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $17,157,336 | |
| Funding Only Action | $139,016 | |
| Funding Only Action | $2,550 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $18,326,636 |
Show all 31
About this award
The Federal Emergency Management Agency awarded a definitive contract to Torrent Technologies, Inc. for contractor support to facilitate property owners obtaining flood insurance directly from the government under the National Flood Insurance Program, effective September 30, 2022, with a $112.8 million ceiling under a sole-source justification.
The originating special notice indicated FEMA's intent to award this bridge contract to ensure service continuity for the NFIP Direct program while conducting an assessment for potential migration to government operations. The contractor furnishes all personnel and facilities to support direct sales and servicing of Standard Flood Insurance Policies, Severe Repetitive Loss policies, and Group Flood Insurance policies, enabling insurance agents to place their clients' coverage directly with FEMA rather than through Write Your Own companies.
Place of performance is Washington, DC 20472. The contract is firm fixed price. Ultimate completion is July 22, 2026.
In FY2024, the contract sustained 90.8 FTEs across 188,849 contractor hours at a derived government-paid rate of $231.91 per hour, with 32 percent of contractor hours subcontracted. FY2023 invoicing was $41.7 million at $224.82 per hour; FY2024 invoicing was $43.8 million, reflecting a relatively flat pricing trend. A unilateral modification dated July 1, 2026 de-obligated excess funds in preparation for financial system transition.
Description
Contractor support to facilitate a property owner's insurance agent obtaining flood insurance for their client, the homeowner, directly from the government rather through a WYO company. Contractor shall furnish all personnel, facilities, equipme
Quick answers
Who was awarded contract 70FA6022C00000006?
70FA6022C00000006 was awarded to Torrent Technologies, Inc. by FEMA Mitigation Section (Federal Emergency Management Agency) on September 30, 2022.
How much is contract 70FA6022C00000006 worth?
The government has obligated $97,268,704 on 70FA6022C00000006. Its current value, with exercised options, is $112,788,283.
Which agency awarded contract 70FA6022C00000006?
FEMA Mitigation Section (Federal Emergency Management Agency) awarded 70FA6022C00000006, with funding from Federal Emergency Management Agency (Department of Homeland Security).
Was contract 70FA6022C00000006 competed?
The extent of competition for 70FA6022C00000006 was not competed. The government received 1 offer.
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