The purpose of this task order is to obtain reinsurance broker support for work area 4 data modeling to include june ILS placement and risk rating redesign initiative.
Ended Awarded Last action
- Contract number
- 70FA6018F00000018
- Awardee
-
Guy Carpenter & Company, LLC UEI VV6FMVCV8145 Part of Marsh & Mclennan Companies Inc.
- Awarding agency
-
FEMA Mitigation Section
Federal Emergency Management Agency, Department of Homeland Security
- Obligated
- $4,222,911
Award facts
- Contract value 100% obligated
- $4,222,910.94 Current and potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- Potential, with all options
- NAICS code
- 524130 Reinsurance Carriers
- Set-aside
- No set-aside
- Competition
- Not Available for Competition Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- New York, NY 10036, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$525,969 | |
| Original award | $4,748,880 |
About this award
This is a firm fixed price delivery order awarded by the Federal Emergency Management Agency (FEMA) Mitigation Section to Guy Carpenter & Company, LLC, a reinsurance intermediary subsidiary of Marsh & McLennan Companies Inc. The purpose is to obtain reinsurance broker support for data modeling, June insurance-linked securities (ILS) placement, and risk rating redesign initiatives related to FEMA's National Flood Insurance Program (NFIP). The delivery order has a potential value of $4,222,910.94 and a completion date of March 15, 2023. This award is not associated with any set-aside designation. It is part of an Indefinite Delivery Contract from FEMA with a total potential value of $13.5 million to provide reinsurance broker support services for the Federal Insurance and Mitigation Administration.
Quick answers
Who was awarded contract 70FA6018F00000018?
70FA6018F00000018 was awarded to Guy Carpenter & Company, LLC by FEMA Mitigation Section (Federal Emergency Management Agency) on May 1, 2018.
How much is contract 70FA6018F00000018 worth?
The government has obligated $4,222,911 on 70FA6018F00000018.
Is contract 70FA6018F00000018 an order under another contract?
Yes. 70FA6018F00000018 is a delivery order under 70FA6018D00000004, an indefinite delivery contract.
Was contract 70FA6018F00000018 competed?
The extent of competition for 70FA6018F00000018 was not available for competition.
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