191V1021D0003 - LIFE INSURANCE SERVICES SOLICITATION | Federal Compass

191V1021D0003 - LIFE INSURANCE SERVICES SOLICITATION

Federal Contract Award Search » IDC Award

This IDC contract for Financial services was awarded in FY2021 on March 25, 2021 to SAHAM ASSURANCE VIE CI by Bureau of African Affairs. There have been $269.1k in obligations to date with a ceiling value of $3.6M, showing a 7% burn rate so far on the contract. The contract was not competed under any preference program with 999 offers received. We expect a 3 year duration with ultimate completion date of April 10, 2024.

SAHAM ASSURANCE VIE CI is a contractor doing primarily Financial services work for State. The company receives $902.6k annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Contract Number
191V1021D0003
Obligations to Date
$269.1k
Ceiling Value
$3.6M
Award Date
03/25/2021
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office
State » Political Affairs » Bureau of African Affairs


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Task Order History

Task Order No. Contractor Obligations Effective Date
191V1021F0002 SAHAM ASSURANCE VIE CI $66.7k 05/11/2021
191V1022F0005 SAHAM ASSURANCE VIE CI $24.8k 01/13/2022
191V1022F0030 SAHAM ASSURANCE VIE CI $62.6k 05/24/2022
191V1023F0002 SAHAM ASSURANCE VIE CI $23.8k 02/09/2023
191V1023F0012 SAHAM ASSURANCE VIE CI $66.8k 05/16/2023
191V1024F0009 SAHAM ASSURANCE VIE CI $24.4k 02/07/2024

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