OCC life insurance

Ended Definitive Contract Awarded Last action

Contract number
TCC11HQC0003
Awardee
Awarding agency
Obligated
$2,654,605

Award facts

Opportunity
Contract value 100% obligated
$2,654,604.95 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Contracting staff
Set-aside
No set-aside
Competition
Full and Open Competition · 5 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Astoria, NY 11101, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Close Out 11 · Group life insurance -$36,831
Exercise an Option 10 · Group life insurance exercise option no. 4 $732,731
Exercise an Option 9 · Group life insurance exercise option no. 3 $1,465,462
Supplemental Agreement for work within scope 8 · OCC group life insurance revise the "frozen grandfathered retiree plan provisions" document -$732,731
Funding Only Action 7 · Life insurance $40,883
Other Administrative Action 6 · Increase funding for option year one $90,731
Exercise an Option 5 · Exercise option year two $639,541
Supplemental Agreement for work within scope 4 · Incorporate the "frozen grandfathered retiree plan provisions" document $0
Funding Only Action 3 · Other functions $84,819
Exercise an Option 2 · Group life insurance $250,000
Change Order 1 · OFR $0
Original award $120,000
Show all 12

About this award

The Office of the Comptroller of the Currency awarded a definitive contract to Metropolitan Life Insurance Co. for OCC group life insurance on January 1, 2011, with a ceiling value of $2,654,604.95 under firm fixed-price terms and no set-aside.

Place of performance is Astoria, NY 11101. The contract provides group life insurance administration for OCC employees. The ultimate completion date is December 31, 2015. The award exercised Option No. 4 as of the stated award date.

Quick answers

Who was awarded contract TCC11HQC0003?

TCC11HQC0003 was awarded to Metropolitan Life Insurance Co by Office of the Comptroller of the Currency (Department of the Treasury) on January 1, 2011.

How much is contract TCC11HQC0003 worth?

The government has obligated $2,654,605 on TCC11HQC0003.

Was contract TCC11HQC0003 competed?

The extent of competition for TCC11HQC0003 was full and open competition. The government received 5 offers.

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