19HK3021D0001 - GMC INSURANCE FOR LOCAL STAFF

This IDC contract for Financial services was awarded in FY2021 on Oct 20, 2020 to PACIFIC CROSS INSURANCE COMPANY LIMITED by Bureau of East Asian and Pacific Affairs. There have been $3.5M in obligations to date with a ceiling value of $3.9M, showing a 89% burn rate so far on the contract. The contract was not competed under any preference program with 5 offers received. We expect a 5 year duration with ultimate completion date of Oct 28, 2025.

PACIFIC CROSS INSURANCE COMPANY LIMITED is a contractor doing primarily Financial services work for State. 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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Buying Agency/Office

State»Political Affairs»Bureau of East Asian and Pacific Affairs

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