LES INS. Premium

Ended Awarded Last action

Contract number
19SN1024F0253
Awardee
Awarding agency
Obligated
$22,154

Award facts

Contract value 100% obligated
$22,153.94 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Funding agency
International Trade Administration Department of Commerce
NAICS code
524210 Insurance Agencies and Brokerages
PSC
G009 Social- Non-Government Insurance Programs
Set-aside
No set-aside
Competition
Full and Open Competition Negotiated Proposal / Quote
Pricing
Fixed Price with Economic Price Adjustment
Place of performance
Singapore
Legislative mandates

Award details come from SAM.gov/FPDS.

About this award

This federal contract award is for life and health insurance premium services provided by AIA Singapore Private Limited, a for-profit organization, to the U.S. government. The award, valued at $22,153.94, is a delivery order under two indefinite delivery contracts (IDCs) held by AIA Singapore with the Department of State's Bureau of East Asian and Pacific Affairs. The first IDC, awarded in August 2022, has a ceiling value of $200,000, while the second, awarded in February 2023, has a potential value of $2.47 million. These contracts provide insurance coverage for locally employed staff at U.S. government facilities in Singapore, supporting various federal agencies including the Departments of State, Commerce, Navy, and Homeland Security. The contract has a fixed price with economic price adjustment pricing type and a completion date of January 31, 2025. No set-aside designation was used for this award.

Quick answers

Who was awarded contract 19SN1024F0253?

19SN1024F0253 was awarded to AIA Singapore Private LIMITED by US Embassy Singapore (US Consulates and Embassies) on August 1, 2024.

How much is contract 19SN1024F0253 worth?

The government has obligated $22,154 on 19SN1024F0253.

Which agency awarded contract 19SN1024F0253?

US Embassy Singapore (US Consulates and Embassies) awarded 19SN1024F0253, with funding from International Trade Administration (Department of Commerce).

Is contract 19SN1024F0253 an order under another contract?

Yes. 19SN1024F0253 is a delivery order under 19SN1023D0001, an indefinite delivery contract.

Was contract 19SN1024F0253 competed?

The extent of competition for 19SN1024F0253 was full and open competition.

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