2031JW21C00004 - LONG/SHORT TERM DISABILITY INSURANCE
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Financial services was awarded in FY2021 on Dec 29, 2020 to METROPOLITAN LIFE INSURANCE COMPANY (INC) by OCC Office of Management / CFO. There have been $4.2M in obligations to date with a ceiling value of $4.4M, showing a 96% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of Dec 31, 2025.
METROPOLITAN LIFE INSURANCE COMPANY (INC) is a contractor located in NJ, doing primarily Program Management work for Securities and Exchange Commission. The company receives $5.2M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
- Contract Number
- 2031JW21C00004
- Contractor
- METROPOLITAN LIFE INSURANCE COMPANY (INC)
- Obligations to Date
- $4.2M
- Ceiling Value
- $4.4M
- Award Date
- 12/29/2020
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Treasury»Office of the Comptroller of the Currency»OCC Office of Management / CFO
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