Purchase Order 2031JW19P00035
Ended Awarded Last action
- Contract number
- 2031JW19P00035
- Awardee
-
Grady Wright & Associates Inc. UEI VVNXLFUSLZD3
- Awarding agency
-
Office of the Comptroller of the Currency
Department of the Treasury
- Obligated
- $172,300
Award facts
- Opportunity
-
- 2031JW19Q00040 Solicitation number
- Contract value 100% obligated
- $172,300.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 524210 Insurance Agencies and Brokerages
- Set-aside
- 8(a) Sole Source
- Competition
- Not Available for Competition · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Glen Burnie, MD, USA
Award details come from SAM.gov/FPDS.
About this award
The Office of the Comptroller of the Currency awarded a fiduciary liability insurance contract to Grady Wright & Associates Inc. under an 8(a) sole source set-aside on June 10, 2019. The firm fixed price purchase order, valued at $172.3K, was established to procure fiduciary liability insurance coverage with a completion date of June 9, 2020. Grady Wright & Associates Inc., operating as Grady-Wright Insurance Associates, served as the prime contractor for this engagement, with work performed in Glen Burnie, Maryland.
This acquisition reflects the OCC's need to secure specialized insurance protection related to fiduciary responsibilities and liabilities. Fiduciary liability insurance protects organizations against claims arising from the performance or non-performance of fiduciary duties. The 8(a) sole source designation indicates that the award was made through the Small Business Administration's 8(a) Business Development program, which supports socially and economically disadvantaged small businesses. The OCC, as the primary federal banking regulator, utilizes such insurance products to mitigate organizational risk exposure in its operational and administrative functions.
Quick answers
Who was awarded contract 2031JW19P00035?
2031JW19P00035 was awarded to Grady Wright & Associates Inc. by Office of the Comptroller of the Currency (Department of the Treasury) on June 10, 2019.
How much is contract 2031JW19P00035 worth?
The government has obligated $172,300 on 2031JW19P00035.
Was contract 2031JW19P00035 competed?
The extent of competition for 2031JW19P00035 was not available for competition. The government received 1 offer. It was set aside: 8(a) Sole Source.
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