Life insurance services - base year - task order #7
Ended Awarded
- Contract number
- 19LE2024F0974
- Awardee
-
Bankers Assurance Sal UEI MNTHMKK5CHG6
- Awarding agency
-
US Embassy Beirut
US Consulates and Embassies, Department of State
- Obligated
- $22,778
Award facts
- Contract value 100% obligated
- $22,777.90 Current and potential, with all options
- Completion date 100% complete
- 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 the delivery of life insurance services to the U.S. Department of State's Bureau of Near Eastern Affairs. The prime contractor, Bankers Assurance Sal, a foreign-owned for-profit organization based in Lebanon, has been awarded a delivery order valued at $22,777.90 to provide life insurance coverage and claims administration for locally employed staff at the U.S. Embassy in Beirut, Lebanon. This delivery order is part of a larger Indefinite Delivery Contract (IDC) valued at $1,485,014.50, which was awarded to Bankers Assurance Sal in February 2024 to meet the Department of State's life insurance needs for its foreign national workforce in Lebanon over a five-year period. The contract has a base year and four one-year option periods, ensuring consistent coverage for the Department's locally employed staff. This award was made without any set-aside designation, indicating that Bankers Assurance Sal competed openly for the contract.
Quick answers
Who was awarded contract 19LE2024F0974?
19LE2024F0974 was awarded to Bankers Assurance Sal by US Embassy Beirut (US Consulates and Embassies) on August 8, 2024.
How much is contract 19LE2024F0974 worth?
The government has obligated $22,778 on 19LE2024F0974.
Which agency awarded contract 19LE2024F0974?
US Embassy Beirut (US Consulates and Embassies) awarded 19LE2024F0974, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19LE2024F0974 an order under another contract?
Yes. 19LE2024F0974 is a delivery order under 19LE2024D0002, an indefinite delivery contract.
Was contract 19LE2024F0974 competed?
The extent of competition for 19LE2024F0974 was full and open competition.
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