FY25 pension insurance for lndh employees POP: 01 OCT 2024-30 SEP 2025
Ended Purchase Order Awarded Last action
- Contract number
- FA557025P0001
- Awardee
-
Storebrand Livsforsikring AS UEI NKLGB2N4RML6
- Awarding agency
-
Air Forces Europe and Africa
Air Force, Department of Defense
- Obligated
- $162,629
Award facts
- Contract value 73% obligated
- $224,169.09 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Air Force Department of Defense
- NAICS code
- 525110 Pension Funds
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Norway
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$61,540 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $224,169 | |
| Original award | $0 |
About this award
This is a firm fixed-price purchase order contract awarded by the U.S. Air Force to Storebrand Livsforsikring AS, a Norwegian insurance company, to provide pension insurance coverage for Land and Homeland Defense (LNDH) employees stationed in Norway. The contract has a performance period of October 1, 2024 to September 30, 2025 and a ceiling value of $224,169.09. The contract was awarded on October 1, 2024 and was not set aside for any specific business category. Storebrand Livsforsikring AS is a for-profit organization based in Lysaker, Norway that specializes in providing commercial off-the-shelf pension and group life insurance products and services to U.S. government entities, particularly the U.S. Air Force and U.S. Air Forces in Europe - Air Forces Africa (USAFE-AFAFRICA) for their personnel stationed internationally.
Quick answers
Who was awarded contract FA557025P0001?
FA557025P0001 was awarded to Storebrand Livsforsikring AS by Air Forces Europe and Africa (Air Force) on October 1, 2024.
How much is contract FA557025P0001 worth?
The government has obligated $162,629 on FA557025P0001. Its current value, with exercised options, is $224,169.
Which agency awarded contract FA557025P0001?
Air Forces Europe and Africa (Air Force) awarded FA557025P0001, with funding from Air Force (Department of Defense).
Was contract FA557025P0001 competed?
The extent of competition for FA557025P0001 was not competed. The government received 1 offer.
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