GovChime
IDVOther than small business

IDC (single-award IDV) 19LE2024D0002BANKERS ASSURANCE SAL

Overview

Award facts

Obligated on orders under this IDV
$843.42K
$843,421 across 36 orders
Period of performance
From Feb 13, 2024
Modifications
0
Latest action Feb 7, 2024
Contract type
IDC (single-award IDV)
PIID 19LE2024D0002

Description of requirement

LIFE INSURANCE SERVICES CONTRACT

Dates and value

Award date
Signed on Feb 7, 2024
Ordering period ends
Feb 12, 2029
Ceiling
Ceiling (single-award vehicle): $1,485,015

Source: Federal Procurement Data System contract actions as published by SAM.gov and USAspending.gov; latest action recorded Feb 7, 2024. View on USAspending · Recipient on SAM.gov

Recipient

NameBANKERS ASSURANCE SAL
LocationBEIRUT, LBN
UEIMNTHMKK5CHG6
CAGE codeSFVC2
Business sizeOther than small businessSize at award, per the contracting officer
Organization typeCorporate not tax exempt
Parent companyBANKERS ASSURANCE SAL

Business types and certifications

Foreign-ownedFor-profit organizationCorporation (not tax-exempt)

Self-reported at the time of the action.

Agency and place

Awarding and funding

Awarded by
  1. Department of State
  2. U.S. EMBASSY BEIRUT
Funded by
  1. Department of State
  2. BUREAU OF NEAR EASTERN AFFAIRS

Classification and competition

Classification

NAICS
524210INSURANCE AGENCIES AND BROKERAGES
Product or service (PSC)
G006SOCIAL- GOVERNMENT LIFE INSURANCE PROGRAMS (service)

Competition

Extent competed
Full and open competitionA
Solicitation procedures
Negotiated proposal/quoteNP
Set-aside
No set-aside used
Contract pricing
Firm fixed priceJ
Offers received
6

Solicitation and notices

Solicitation ID
19LE2023R0003
Solicitation date
Sep 22, 2023
Notices

Contract details

Subcontracting plan
Plan not requiredB
Cost Accounting Standards clause
Not applicable exempt from CASX
Certified cost or pricing data
No
Commercial procedures
Commercial products/services procedures not usedD
Government-furnished property
Transaction does not use GFE/GFPN
Bundled requirement
Not bundledH
Consolidated requirement
Not consolidatedD
Undefinitized action (terms not final)
No
Multi-year contract
No
Performance-based service acquisition
No - service where PBA is not used.N

Transaction history

Modification history

Base award
Feb 7, 2024
Latest action
Feb 7, 2024 — Base awardModification 0
Actions by type
  • Base award1
1 actions recorded, Feb 7, 2024 to Feb 7, 2024; each action counted once.

All contract data

All contract data

Every other field reported for this award, as of its latest reported action

Competition

Evaluation preference
No preference used
Local area set-aside
No
Synopsized publicly (SAM.gov / FedBizOpps)
Yes
Simplified procedures for commercial items
No

Pricing and financing

Latest action: change in base and all options
$1,485,015

Socio-economic and policy

Inherently governmental functions
Other functionsOT
Recovered materials and sustainability
No clauses included and no sustainability includedC
Clinger-Cohen Act planning (IT)
No

Place and origin

Domestic or foreign entity
Foreign-owned business not incorporated in the U.S.D

Structure

Award or IDV
IDV
IDV type
IDCB
Indefinite-delivery contract type
Indefinite delivery / indefinite quantityB
Multiple or single award
Single awardS
Awarding agency code
1900
Awarding sub-tier code
1900
Contracting office code
19LE20
Transactions recorded under this award key
1

Funding

Funding agency code
1900
Funding sub-tier code
1900
Funding office code
19XNEA