Modification of Contract: Provision of Health Insurance for Locally Employed Staff of U. S. Embassy Phnom Penh.
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 19CB6023D0027
- Agency
-
US Embassy Phnom Penh
US Consulates and Embassies, Department of State
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 19CB6023D0027 Federal IDV award
- Awardee
- Forte Insurance (Cambodia) PLC
- NAICS code
- 524114 Direct Health and Medical Insurance Carriers
- Place of performance
- Phnom Penh Cambodia
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The U.S. Embassy Phnom Penh, under the Department of State, issued a Limited/Sole Source Justification Notice for modifying an existing health insurance contract (19CB6023D0027) that provides health insurance services for Locally Employed Staff at the embassy. The modification specifically adds a new paragraph B.4.1.1 to allow economic price adjustment for Peace Corps riders, enabling premium adjustments based on actual claims experience in accordance with existing contract provisions. Forte Insurance (Cambodia) Plc was awarded the original contract in June 2023 through full and open competition, with an estimated total value of $3,768,797.76 covering a base year and four option years. The justification explains that this modification allows the contractor to adjust premiums for Peace Corps coverage based on experience, which was negotiated between the Embassy's Human Resource Office and the Global Acquisition Desk Officer. The new economic price adjustment provision is planned for implementation during the upcoming contract option year from August 24, 2025 to August 22, 2026, and may be applied to future health insurance service acquisitions.
Notice text
This justification is initiated because inclusion of a new paragraph B.4.1.1 on economic price adjustment for peace corps rider is proposed into the original contract 19CB6023D0027.
The Embassy agreed with the contractor’s proposal to modify the economic price adjustment in paragraph B.4.1 that will add B.4.1.1. Economic Price Adjustment for Peace Corps Rider below B.4.1 Premium Adjustment Based on Experience. That way, economic price adjustment shall be permitted to adjust the premiums charged on the Peace Corps rider, in accordance with the requirements of B.4.1, and all provisions of B.4.1 shall apply.
More details provided in the attached Justification document.
Awarded contract 19CB6023D0027 to unknown vendor for unknown amount on 2023-06-09.
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