The contractor shall furnish all personnel, supervision, equipment, supplies, facilities, materials, and services (except as may be expressly set forth in the contract as furnished by the…

Ended Definitive Contract Awarded Last action

Contract number
70FA6024C00000002
Awardee
Awarding agency
Obligated
$19,910,398

Award facts

Opportunity
Contract value 27% obligated
  • $20,854,562.30 Current, with exercised options
  • $72,459,717.32 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
Set-aside
No set-aside
Competition
Full and Open Competition · 3 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Washington, DC 20001, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Supplemental Agreement for work within scope P00010 $0
Supplemental Agreement for work within scope P00009 · The purpose of this modification is to put in the place an interim agreement $0
Other Administrative Action P00008 · The purpose of this modification is to update the COR. $0
Supplemental Agreement for work within scope P00007 · The purpose of this modification is to descope the performance work statement. $905,344
Other Administrative Action P00006 · To add an alternate contracting officer representative. $0
Exercise an Option P00005 · Exercise option period 2 $8,594,656
Exercise an Option P00004 · The purpose of this UNI-lateral modification is to exercise option period 1 clins 1001 through 1004 in the amount of $4,576,080.56. The period of performance is… $4,576,081
Supplemental Agreement for work within scope P00003 · The purpose of this BI-lateral modification is to add three months of funding for the community rating system base period of performance clins 0001 through 0004… $3,574,824
Other Administrative Action P00002 $0
Other Administrative Action P00001 $0
Original award $2,259,494
Show all 11

About this award

Written by GovTribe AI ·

The Federal Emergency Management Agency awarded a $72.5M firm fixed-price definitive contract to Insurance Services Office, Inc. (doing business as Verisk Analytics) on March 19, 2024, with an ultimate completion date of March 18, 2029. This contract supports the Community Rating System (CRS) program, which provides nationwide services including community activities verification, continuous improvement recommendations, training and technical assistance, and communications support. The contract was competitively awarded with no set-aside designation, and work will be performed in Washington, DC. Verisk Analytics, a leading data analytics company specializing in risk assessment and analytical services, brings relevant experience supporting FEMA's National Flood Insurance Program and other federal agencies' complex data analytics requirements.

The engagement represents a five-year commitment to enhance the CRS program's operational effectiveness across the United States, including support for activities in U.S. territories and tribal nations. As a child company of Verisk Analytics, Inc. (headquartered in Jersey City, New Jersey), Insurance Services Office leverages its parent organization's sophisticated analytical capabilities and technical expertise. The firm fixed-price structure with task order deliverables provides FEMA with predictable costs while maintaining flexibility in service delivery across the performance period. This award reflects the contractor's demonstrated capability to deliver high-value, complex analytical and administrative support services to federal agencies at scale.

Description

As the agency reported it.

The contractor shall furnish all personnel, supervision, equipment, supplies, facilities, materials, and services (except as may be expressly set forth in the contract as furnished by the government) to fulfill the requirements of this PWS dated 10/0

Quick answers

Who was awarded contract 70FA6024C00000002?

70FA6024C00000002 was awarded to Insurance Services Office, Inc. by FEMA Mitigation Section (Federal Emergency Management Agency) on March 19, 2024.

How much is contract 70FA6024C00000002 worth?

The government has obligated $19,910,398 on 70FA6024C00000002. Its current value, with exercised options, is $20,854,562. Its potential value, with all options, is $72,459,717.

Which agency awarded contract 70FA6024C00000002?

FEMA Mitigation Section (Federal Emergency Management Agency) awarded 70FA6024C00000002, with funding from Federal Emergency Management Agency (Department of Homeland Security).

Was contract 70FA6024C00000002 competed?

The extent of competition for 70FA6024C00000002 was full and open competition. The government received 3 offers.

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