Q1 life insurance jeddah july 1 2024 sept. 30 2024
Ended Awarded Last action
- Contract number
- 19SA7024F0541
- Awardee
-
Malath Cooperative Insurance And Reinsurance Company UEI N1NLWMPCT144
- Awarding agency
-
US Embassy Riyadh
US Consulates and Embassies, Department of State
- Obligated
- $16,794
Award facts
- Contract value 100% obligated
- $16,794.17 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 | $1,300 | |
| Original award | $15,494 |
About this award
This federal contract award is for the provision of life insurance services to the U.S. Department of State's Bureau of Near Eastern Affairs for its personnel stationed in Jeddah, Saudi Arabia. The one-year fixed-price with economic price adjustment contract, valued at $16,794.17, was awarded on June 12, 2024 to Malath Cooperative Insurance And Reinsurance Company, a for-profit limited liability company based in Saudi Arabia.
The contract is a delivery order issued under two larger indefinite delivery vehicle (IDV) contracts held by Malath with the Bureau of Near Eastern Affairs. The first IDV (19SA7021D0012) has a ceiling value of $54,106,221.07 and provides health, life, and premium insurance coverage for U.S. diplomatic personnel across Saudi Arabia. The second IDV (19SA7020D0003) was a one-year bridge contract valued at $4,000,000 that also delivered similar insurance services. These contracts do not utilize small business set-asides, with Malath serving as the prime contractor without major subcontractors.
Quick answers
Who was awarded contract 19SA7024F0541?
19SA7024F0541 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 19SA7024F0541 worth?
The government has obligated $16,794 on 19SA7024F0541.
Which agency awarded contract 19SA7024F0541?
US Embassy Riyadh (US Consulates and Embassies) awarded 19SA7024F0541, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19SA7024F0541 an order under another contract?
Yes. 19SA7024F0541 is a delivery order under 19SA7021D0012, an indefinite delivery contract.
Was contract 19SA7024F0541 competed?
The extent of competition for 19SA7024F0541 was full and open competition.
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