Life benefits insurance services
Ended Definitive Contract Awarded Last action
- Contract number
- CFP15C00023
- Awardee
-
Metropolitan Life Insurance Co UEI XN1CSKV5KNR8 Part of Metlife, Inc.
- Awarding agency
-
Consumer Financial Protection Bureau
- Obligated
- $824,237
Award facts
- Contract value 74% obligated
-
- $971,329.50 Current, with exercised options
- $1,109,550.11 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 524113 Direct Life Insurance Carriers
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Bridgewater, NJ 08807, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$225,799 | |
| Exercise an Option | $245,105 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $176,764 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $255,041 | |
| Funding Only Action | $46,000 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $30,000 | |
| Exercise an Option | $150,034 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $147,092 |
Show all 13
About this award
This is a definitive contract awarded by the Consumer Financial Protection Bureau (CFPB) to Metropolitan Life Insurance Co. (MetLife) for life benefits insurance services. The contract has a ceiling value of $1,109,550.11 and is structured as a firm-fixed-price agreement. The contract does not have a set-aside designation.
MetLife, a global insurance and financial services provider, has established a significant presence in the federal government contracting arena, specializing in providing comprehensive insurance solutions to various civilian agencies. This contract award is a testament to MetLife's expertise and ability to deliver large-scale insurance products and services to government entities. The contract covers a range of insurance products, including group life insurance, short-term and long-term disability insurance, dental insurance, vision insurance, business travel accident insurance, and personal accident insurance. The performance period for this contract extends through December 31, 2020.
Quick answers
Who was awarded contract CFP15C00023?
CFP15C00023 was awarded to Metropolitan Life Insurance Co by Consumer Financial Protection Bureau on September 25, 2015.
How much is contract CFP15C00023 worth?
The government has obligated $824,237 on CFP15C00023. Its current value, with exercised options, is $971,330. Its potential value, with all options, is $1,109,550.
Was contract CFP15C00023 competed?
The extent of competition for CFP15C00023 was full and open competition. The government received 2 offers.
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