New lender-place insurance contract no-commit type 60 (replacing AG-31ME-C-08-1044)-base year; (COR, deborah wright mason "type 60 funds are available" in IAS

Ended Definitive Contract Awarded Last action

Contract number
AG31MEC150013
Awardee
Awarding agency
Obligated
$3,327,314

Award facts

Opportunity
Contract value 6% obligated
  • $3,327,313.98 Current, with exercised options
  • $54,743,575.33 Potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 3 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
St. Louis, MO 63120, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Close Out 12 -$34,823,585
Funding Only Action 11 $47,315
Funding Only Action 10 · The purpose of this modification is to add funding to support continued performance during the extended period of performance from june 30, 2020 thru december… $4,000
Exercise an Option 9 · The purpose of this modification is to exercise option to extend the period of performance from june 30, 2020 thru december 29, 2020. Except as provided… $1,696,980
Supplemental Agreement for work within scope 8 $11,554,000
Exercise an Option 7 · The purpose of this modification is to exercise option year three for the period of performance of june 30, 2018 thru june 29, 2019. Except as provided herein… $11,554,000
Supplemental Agreement for work within scope 6 · The purpose of this modification is to DE-obligate remaining funds from line item 007 from option year one period of performance of june 30, 2016 thru june… -$10,522,977
Exercise an Option 5 · The purpose of this modification is to exercise the second year option from june 30, 2017 thru june 29, 2018 utilizing type 60 FY 2017 funds. As a result of… $11,554,000
Supplemental Agreement for work within scope 4 · The purpose of this modification is to DE-obligate remaining funds from the base year period of performance of june 29, 2015 thru june 30, 2016 which are no… -$10,844,419
Exercise an Option 3 $11,554,000
Other Administrative Action 2 · The purpose of this administrative modification is to reallocate type 60 FY 2015 R funds from existing PAC S2Y8 to new PAC S2YQ. Except as provided herein all… $0
Supplemental Agreement for work within scope 1 · The purpose of this modification is to add flood zone determinations services at no additional cost. The following flood zone determinations services are… $0
Original award $11,554,000
Show all 13

About this award

Written by GovTribe AI ·

The U.S. Department of Agriculture (USDA) awarded a new Definitive Contract to Proctor Financial Inc. for a Lender-Placed Insurance Contract on June 30, 2015. The contract has a ceiling value of $54,743,575.33 and a period of performance ending on December 29, 2020. This contract replaces a previous contract with the agency (AG-31ME-C-08-1044) and is a Firm Fixed Price, No-Commit Type 60 contract. The place of performance is in St. Louis, Missouri. This contract does not have a set-aside designation.

Quick answers

Who was awarded contract AG31MEC150013?

AG31MEC150013 was awarded to Proctor Financial Inc. by Procurement Management Division (Washington Office) on June 30, 2015.

How much is contract AG31MEC150013 worth?

The government has obligated $3,327,314 on AG31MEC150013. Its potential value, with all options, is $54,743,575.

Was contract AG31MEC150013 competed?

The extent of competition for AG31MEC150013 was full and open competition. The government received 3 offers.

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