Life insurance services - base year - task order # 5
Ended Awarded
- Contract number
- 19LE2024F0733
- Awardee
-
Bankers Assurance Sal UEI MNTHMKK5CHG6
- Awarding agency
-
US Embassy Beirut
US Consulates and Embassies, Department of State
- Obligated
- $22,347
Award facts
- Contract value 100% obligated
- $22,347.18 Current and potential, with all options
- Completion date
- Current and potential, with all options
- Funding agency
- Bureau of Near Eastern Affairs Department of State
- NAICS code
- 524210 Insurance Agencies and Brokerages
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Lebanon
Award details come from SAM.gov/FPDS.
About this award
This federal contract award is for life insurance services provided to the U.S. Department of State Bureau of Near Eastern Affairs for locally employed staff at the U.S. Embassy in Beirut, Lebanon. The prime contractor is Bankers Assurance Sal, a foreign-owned, for-profit insurance company based in Lebanon.
The award consists of three firm-fixed price delivery orders issued in 2024 under a larger contract vehicle, with values ranging from approximately $20,000 to $22,000 each. The delivery orders cover one-year base periods, with performance extending into early 2024. There was no set-aside designation applied to these awards.
Additionally, Bankers Assurance Sal holds a single-award Indefinite Delivery Contract (IDC) awarded in February 2024 by the Bureau of Near Eastern Affairs, valued at up to $1,485,014.50 over a five-year period of performance through February 2029. This IDC was awarded to comprehensively meet the Department's life insurance needs for its foreign national workforce stationed in Lebanon.
Quick answers
Who was awarded contract 19LE2024F0733?
19LE2024F0733 was awarded to Bankers Assurance Sal by US Embassy Beirut (US Consulates and Embassies) on June 12, 2024.
How much is contract 19LE2024F0733 worth?
The government has obligated $22,347 on 19LE2024F0733.
Which agency awarded contract 19LE2024F0733?
US Embassy Beirut (US Consulates and Embassies) awarded 19LE2024F0733, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19LE2024F0733 an order under another contract?
Yes. 19LE2024F0733 is a delivery order under 19LE2024D0002, an indefinite delivery contract.
Was contract 19LE2024F0733 competed?
The extent of competition for 19LE2024F0733 was full and open competition.
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