Q2 health insurance riyadh OCT 1 2024 DEC 31 2024
Ended Awarded Last action
- Contract number
- 19SA7025F0002
- Awardee
-
Malath Cooperative Insurance And Reinsurance Company UEI N1NLWMPCT144
- Awarding agency
-
US Embassy Riyadh
US Consulates and Embassies, Department of State
- Obligated
- $619,494
Award facts
- Contract value 100% obligated
- $619,493.92 Current and potential, with all options
- Completion date
- 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
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $59,342 | |
| Original award | $560,151 |
About this award
This is a federal contract award from 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, valued at $619,493.92, is for the provision of health insurance coverage for U.S. diplomatic personnel stationed in Riyadh, Saudi Arabia from October 1, 2024 to December 31, 2024. The contract is a delivery order with a fixed-price with economic price adjustment pricing structure and does not utilize a small business set-aside designation.
Malath Cooperative Insurance And Reinsurance Company serves as the prime contractor on this award and has been the exclusive provider of health, life, and premium insurance services to the Bureau of Near Eastern Affairs in Saudi Arabia. The company holds two significant Indefinite Delivery Vehicle (IDV) contracts with the Bureau, valued at $54,106,221.07 and $4,000,000, which provide a framework for the Bureau to quickly procure these critical insurance services for its diplomatic personnel across multiple cities in Saudi Arabia.
Quick answers
Who was awarded contract 19SA7025F0002?
19SA7025F0002 was awarded to Malath Cooperative Insurance And Reinsurance Company by US Embassy Riyadh (US Consulates and Embassies) on November 14, 2024.
How much is contract 19SA7025F0002 worth?
The government has obligated $619,494 on 19SA7025F0002.
Which agency awarded contract 19SA7025F0002?
US Embassy Riyadh (US Consulates and Embassies) awarded 19SA7025F0002, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19SA7025F0002 an order under another contract?
Yes. 19SA7025F0002 is a delivery order under 19SA7021D0012, an indefinite delivery contract.
Was contract 19SA7025F0002 competed?
The extent of competition for 19SA7025F0002 was full and open competition.
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