Specialty underwriters LLC- vascupp- UVA1856222

The Virginia Cooperative Contract CTR038772 is an Indefinite Delivery Vehicle (IDV) focused on Third Party Administration (TPA) services. The contract enables procurement of comprehensive administrative support services, with line items specifically targeting TPA administrative fees and broader TPA service offerings. The primary scope encompasses administrative support mechanisms designed to provide flexible, standardized services across government entities, with the ability to deliver administrative services through variable unit pricing and comprehensive service configurations.

The master IDV is awarded to Specialty Underwriters LLC by the Virginia Department of General Services, with a contract period from April 24, 2025, to January 1, 2027. This cooperative contract covers the Commonwealth of Virginia and operates as a statewide procurement vehicle. The contract structure allows for multiple agencies to leverage the agreement, with line items priced at strategic rates including $35 per administrative fee unit and variable pricing for core TPA services, demonstrating flexibility in service delivery and cost management.

Under this IDV, two specific contract awards have been made, both to Specialty Underwriters LLC. The first award (PO05049672) has a cumulative value of $103,500.00, featuring 100 units of TPA administrative services and 100,000 units of TPA services. The second award (PO05022067) is valued at $16,540.00, with a similar structure of administrative fees and TPA services. Both awards maintain consistent pricing models and delivery parameters, suggesting a standardized approach to procuring administrative support services across Virginia's governmental landscape.