Q3 health insurance riyadh JAN 1 2024 MAR 31 2024
Ended Awarded Last action
- Contract number
- 19SA7024F0142
- Awardee
-
Malath Cooperative Insurance And Reinsurance Company UEI N1NLWMPCT144
- Awarding agency
-
US Embassy Riyadh
US Consulates and Embassies, Department of State
- Obligated
- $500,206
Award facts
- Contract value 100% obligated
- $500,206.13 Current and potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- Potential, with all options
- Funding agency
- Bureau of Near Eastern Affairs Department of State
- NAICS code
- 524114 Direct Health and Medical Insurance Carriers
- PSC
- Q201 Medical- Managed Healthcare
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Fixed Price with Economic Price Adjustment
- Place of performance
- Saudi Arabia
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $2,243 | |
| Supplemental Agreement for work within scope | -$35,395 | |
| Original award | $533,358 |
About this award
This is a fixed-price delivery order with economic price adjustment awarded by the U.S. Department of State's Bureau of Near Eastern Affairs to Malath Cooperative Insurance And Reinsurance Company, a Saudi Arabian for-profit limited liability company. The contract is for health insurance coverage for U.S. government personnel stationed in Saudi Arabia, with a period of performance from January 1, 2024 to March 31, 2024 and a ceiling value of $500,206.13.
This delivery order is issued under two larger indefinite delivery vehicles previously awarded to Malath Cooperative Insurance And Reinsurance Company by the Bureau of Near Eastern Affairs. The first is a single-award indefinite delivery contract with a ceiling of $54,106,221.07, awarded on July 1, 2021 and set to run through June 30, 2026. The second is a one-year bridge contract with a ceiling of $4,000,000, awarded on July 1, 2020. These contracts enable the Bureau of Near Eastern Affairs to quickly procure necessary insurance coverage to support its diplomatic initiatives and protect the welfare of personnel stationed in Saudi Arabia. The subject delivery order does not utilize any small business set-asides.
Quick answers
Who was awarded contract 19SA7024F0142?
19SA7024F0142 was awarded to Malath Cooperative Insurance And Reinsurance Company by US Embassy Riyadh (US Consulates and Embassies) on December 11, 2023.
How much is contract 19SA7024F0142 worth?
The government has obligated $500,206 on 19SA7024F0142.
Which agency awarded contract 19SA7024F0142?
US Embassy Riyadh (US Consulates and Embassies) awarded 19SA7024F0142, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19SA7024F0142 an order under another contract?
Yes. 19SA7024F0142 is a delivery order under 19SA7021D0012, an indefinite delivery contract.
Was contract 19SA7024F0142 competed?
The extent of competition for 19SA7024F0142 was full and open competition.
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