The purpose of this contract is to obtain the services of an experienced aviation insurance claims settlement professional and insurance advisor.
Ended Indefinite Delivery Contract Awarded Last action
- Contract number
- 693KA918D00002
- Awardee
-
Global Aerospace, Inc. UEI KG2LKYC1AL91
- Awarding agency
-
Headquarters
Federal Aviation Administration, Department of Transportation
- Task orders
- 8 $169,658 obligated
Award facts
- Combined order value
-
- $169,658 Current, with exercised options
- $6,041,320 Potential, with all options
- Last date to order 100% complete
- IDV ceiling <1% used
- $258,300,964.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- Contracting staff
- Funding agency
- Southwestern Region Federal Aviation Administration, Department of Transportation
- NAICS code
- 524298 All Other Insurance Related Activities
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Labor Hours
Award details come from SAM.gov/FPDS.
About this IDV
This Indefinite Delivery Contract (IDC) was awarded by the Department of Transportation Federal Aviation Administration (DOT-FAA) to Global Aerospace, Inc., a for-profit subchapter S corporation, to provide comprehensive aviation insurance and risk management services in support of the agency's Aviation Insurance Claims Program (AIC). The single-award IDC has a ceiling value of $258,300,964.00 and an ultimate completion date of June 3, 2024. Under this contract, Global Aerospace will deliver hull, comprehensive, and liability insurance coverage to enable FAA flight operations and air transportation safety initiatives nationwide. The contract does not have any set-aside designations.
The contract has generated multiple firm fixed price and time and materials delivery orders ranging from $25,000 to over $1.8 million to support various aspects of the FAA's insurance program, including risk analysis, claims settlement, and ongoing coverage for agency activities. The delivery orders specify performance locations across the United States, including Washington, D.C., New Jersey, and Maryland. Through this IDC and related delivery orders, Global Aerospace leverages its expertise in aviation insurance and risk management to assist the FAA in fulfilling its mission of ensuring safety and efficiency in the national airspace system.
Task orders
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 693KA918D00002?
693KA918D00002 was awarded to Global Aerospace, Inc. by Headquarters (Federal Aviation Administration) on July 18, 2018.
How much is contract 693KA918D00002 worth?
Orders under 693KA918D00002 have obligated $169,658. Their combined potential value, with all options, is $6,041,320. 693KA918D00002's own ceiling is $258,300,964.
How many orders have been placed under contract 693KA918D00002?
8 orders have been placed under 693KA918D00002, the latest on July 5, 2023.
Which agency awarded contract 693KA918D00002?
Headquarters (Federal Aviation Administration) awarded 693KA918D00002, with funding from Southwestern Region (Federal Aviation Administration).
Who can order from contract 693KA918D00002?
693KA918D00002 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 693KA918D00002 competed?
The extent of competition for 693KA918D00002 was not competed. The government received 1 offer.
On GovTribe
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