This federal contract award to Nacional Seguros Vida Y Salud SA, a for-profit organization, is for the provision of health and life insurance services for locally employed staff at the U.S. Embassy in La Paz, Bolivia. The contract, a $545,769.36 firm-fixed-price delivery order, was awarded by the Department of State's Bureau of Western Hemisphere Affairs and has an ultimate completion date of June 30, 2024.
This award is part of a larger single award indefinite delivery contract (IDV) with a ceiling value of $1,938,579.36 and an ultimate completion date of June 30, 2024, also awarded to Nacional Seguros Vida Y Salud SA by the Bureau of Western Hemisphere Affairs. Two firm-fixed-price delivery orders have been issued against this IDV to date, one for $550,729.07 covering July 18-31, 2023, and another for $555,027.18 covering January 4-14, 2024. The IDV structure allows the Department of State to efficiently procure ongoing insurance services from the vendor throughout the contract period. The contract has no set-aside designation, indicating it was competed on the open market.
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