Dental benefits insurance services

Ended Definitive Contract Awarded Last action

Contract number
CFP15C00024
Awardee
Awarding agency
Obligated
$8,505,134

Award facts

Opportunity
Contract value 74% obligated
  • $10,061,763.79 Current, with exercised options
  • $11,500,081.53 Potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 4 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 P00008 · Closeout MOD. -$8,074
Funding Only Action P00006 $10,976
Supplemental Agreement for work within scope P00005 · Modification to cfpb dental insurance contract to add funding for overage. $45,000
Exercise an Option P00004 $1,601,169
Other Administrative Action P00003 $0
Exercise an Option P00002 · CY 2019 cfpb dental insurance $1,606,956
Other Administrative Action P00001 $0
Funding Only Action 9 $61,000
Funding Only Action 8 $20,000
Exercise an Option 7 $2,072,277
Funding Only Action 6 · CY 2017 cfpb dental insurance $130,000
Other Administrative Action 5 · CY 2016 cfpb dental insurance $0
Funding Only Action 4 $85,000
Exercise an Option 3 · The purpose of this modification is to exercise the option period for cfpb employee dental insurance $1,440,415
Other Administrative Action 500 · CY 2016 cfpb dental insurance $0
Other Administrative Action 2 $0
Other Administrative Action 1 $0
Original award $1,440,415
Show all 18

About this award

Written by GovTribe AI ·

This contract, awarded by the Consumer Financial Protection Bureau (CFPB) to Metropolitan Life Insurance Co. (MetLife), provides dental benefits insurance services. The $11,500,081.53 firm-fixed-price definitive contract has an ultimate completion date of December 31, 2020. MetLife is a global insurance and financial services provider that has established a significant presence in federal government contracting, particularly in providing comprehensive insurance solutions to civilian agencies. This contract does not have a set-aside designation, indicating MetLife's competitive positioning in the federal marketplace for insurance services. MetLife's parent company, MetLife, Inc., has a robust history of delivering a wide range of insurance products, including group life, health, disability, and dental coverage, to various federal agencies such as the Department of State, Securities and Exchange Commission, and Department of Veterans Affairs.

Quick answers

Who was awarded contract CFP15C00024?

CFP15C00024 was awarded to Metropolitan Life Insurance Co by Consumer Financial Protection Bureau on September 25, 2015.

How much is contract CFP15C00024 worth?

The government has obligated $8,505,134 on CFP15C00024. Its current value, with exercised options, is $10,061,764. Its potential value, with all options, is $11,500,082.

Was contract CFP15C00024 competed?

The extent of competition for CFP15C00024 was full and open competition. The government received 4 offers.

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