Justification and Approval (JA) for peace corps EPA- LES Health Insurance Contract_Singed.pdf

This Justification and Approval (J&A) document relates to a modification of Contract 19CB6023D0027 for health insurance services for Locally Employed Staff at the U.S. Embassy in Phnom Penh, Cambodia. The modification involves adding a new paragraph B.4.1.1 on Economic Price Adjustment specifically for Peace Corps riders. Forte Insurance (Cambodia) Plc was awarded the original contract in June 2023 through a full and open competition procedure, with an estimated value of $3,768,797.76 for a base year and four option years.

The J&A details that five insurance companies expressed interest during the pre-proposal phase, including Forte Insurance, Infinity General Insurance, Phillip, AIA, and Ly Hour Insurance. The modification allows for economic price adjustment of premiums charged for Peace Corps riders, based on actual claims experience. The U.S. Embassy's Human Resource Office collaborated with the Global Acquisition Desk Officer to negotiate this adjustment. The Post plans to apply this new economic price adjustment provision for the subsequent contract option year from August 24, 2025 to August 22, 2026, with potential application in future health insurance service acquisitions.