Q1 life insurance riyadh july 1 2024 sept. 30 2024
Ended Awarded Last action
- Contract number
- 19SA7024F0540
- Awardee
-
Malath Cooperative Insurance And Reinsurance Company UEI N1NLWMPCT144
- Awarding agency
-
US Embassy Riyadh
US Consulates and Embassies, Department of State
- Obligated
- $37,489
Award facts
- Contract value 100% obligated
- $37,488.87 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
- 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 |
|---|---|---|
| Funding Only Action | -$5,425 | |
| Original award | $42,914 |
About this award
This federal contract award was issued 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, to provide life insurance services for U.S. diplomatic personnel stationed in Riyadh, Saudi Arabia from July 1, 2024 through September 30, 2024. The fixed-price delivery order, valued at $37,488.87, was not set aside for any specific business size or type. It is one of several similar contracts held by Malath with the Bureau of Near Eastern Affairs to administer health, life, and premium insurance coverage for U.S. government employees in the Kingdom of Saudi Arabia and broader Near East region. Malath serves as the prime contractor without major subcontractors, leveraging its position as an established regional insurance provider to directly deliver these critical insurance services that enable the Department of State's diplomatic operations.
Quick answers
Who was awarded contract 19SA7024F0540?
19SA7024F0540 was awarded to Malath Cooperative Insurance And Reinsurance Company by US Embassy Riyadh (US Consulates and Embassies) on June 12, 2024.
How much is contract 19SA7024F0540 worth?
The government has obligated $37,489 on 19SA7024F0540.
Which agency awarded contract 19SA7024F0540?
US Embassy Riyadh (US Consulates and Embassies) awarded 19SA7024F0540, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19SA7024F0540 an order under another contract?
Yes. 19SA7024F0540 is a delivery order under 19SA7021D0012, an indefinite delivery contract.
Was contract 19SA7024F0540 competed?
The extent of competition for 19SA7024F0540 was full and open competition.
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