Q4 health insurance riyadh APR 1 2024 JUN 30 2024
Ended Awarded Last action
- Contract number
- 19SA7024F0297
- Awardee
-
Malath Cooperative Insurance And Reinsurance Company UEI N1NLWMPCT144
- Awarding agency
-
US Embassy Riyadh
US Consulates and Embassies, Department of State
- Obligated
- $500,708
Award facts
- Contract value 100% obligated
- $500,708.00 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
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $2,745 | |
| Supplemental Agreement for work within scope | -$35,395 | |
| Original award | $533,358 |
About this award
This federal contract award, valued at $500,708.00, was issued by the Department of State's Bureau of Near Eastern Affairs to Malath Cooperative Insurance and Reinsurance Company, a for-profit limited liability company based in Saudi Arabia. The contract is a delivery order under Malath's existing indefinite delivery, indefinite quantity (IDIQ) contract with the Bureau of Near Eastern Affairs, which has a ceiling value of $54,106,221.07 and runs through June 30, 2026.
The contract provides health insurance coverage for U.S. government personnel stationed in Saudi Arabia, specifically in the city of Riyadh, for the period of April 1, 2024 through June 30, 2024. This is a fixed-price contract with an economic price adjustment clause. The contract does not utilize a small business set-aside. Malath Cooperative Insurance and Reinsurance Company serves as the prime contractor without any major subcontractors, leveraging its position as an established regional insurance provider to directly administer the insurance policies for the U.S. diplomatic staff in Saudi Arabia.
Quick answers
Who was awarded contract 19SA7024F0297?
19SA7024F0297 was awarded to Malath Cooperative Insurance And Reinsurance Company by US Embassy Riyadh (US Consulates and Embassies) on March 18, 2024.
How much is contract 19SA7024F0297 worth?
The government has obligated $500,708 on 19SA7024F0297.
Which agency awarded contract 19SA7024F0297?
US Embassy Riyadh (US Consulates and Embassies) awarded 19SA7024F0297, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19SA7024F0297 an order under another contract?
Yes. 19SA7024F0297 is a delivery order under 19SA7021D0012, an indefinite delivery contract.
Was contract 19SA7024F0297 competed?
The extent of competition for 19SA7024F0297 was full and open competition.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award