Purpose of this task order is to fund option year 1 for the national flood insurance program - DSA policy servicing contractor.
Ended Awarded Last action
- Contract number
- 70FA6018F00000008
- Awardee
-
Torrent Technologies, Inc. UEI W69TCJPDDLZ7 Part of Marsh & Mclennan Companies Inc.
- Awarding agency
-
FEMA Mitigation Section
Federal Emergency Management Agency, Department of Homeland Security
- Obligated
- $25,290,709
Award facts
- Opportunity
-
- HSFE6016R0004 Solicitation number
- National Flood Insurance Program (NFIP) Direct Servicing Agent (DSA) Award Notice · Posted Jul 22, 2016
- National Flood Insurance Program, Direct Servicing Agent (DSA) Award Notice · Posted Dec 4, 2015
- Contract value 100% obligated
- $25,290,709.46 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20472, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$1,088,553 | |
| Funding Only Action | $1,600,000 | |
| Exercise an Option | $4,270,364 | |
| Other Administrative Action | $0 | |
| Original award | $20,508,898 |
About this award
This is a firm fixed-price delivery order awarded by the Federal Emergency Management Agency (FEMA) to Torrent Technologies, Inc., a subsidiary of Marsh & McLennan Companies Inc., to fund Option Year 1 for the National Flood Insurance Program (NFIP) - DSA Policy Servicing Contractor. The contract, valued at $25,290,709.46, does not have a set-aside designation. Torrent Technologies, Inc. is a for-profit organization that provides insurance-related services to the federal government, including various contracts with FEMA and the Department of Homeland Security in support of the NFIP.
Quick answers
Who was awarded contract 70FA6018F00000008?
70FA6018F00000008 was awarded to Torrent Technologies, Inc. by FEMA Mitigation Section (Federal Emergency Management Agency) on December 1, 2017.
How much is contract 70FA6018F00000008 worth?
The government has obligated $25,290,709 on 70FA6018F00000008.
Is contract 70FA6018F00000008 an order under another contract?
Yes. 70FA6018F00000008 is a delivery order under HSFE6016D0201, an indefinite delivery contract.
Was contract 70FA6018F00000008 competed?
The extent of competition for 70FA6018F00000008 was full and open competition.
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