19C18022D0001 - LIFE INSURANCE | Federal Compass

19C18022D0001 - LIFE INSURANCE

Federal Contract Award Search » IDC Award

This IDC contract for Financial services was awarded in FY2022 on October 15, 2021 to Miscellaneous Foreign Contractors by Bureau of Western Hemisphere Affairs. There have been no obligations to date with a ceiling value of $70k, showing a 0% burn rate so far on the contract. The contract was not competed under any preference program with 999 offers received.

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
19C18022D0001
Obligations to Date
$0k
Ceiling Value
$70k
Award Date
10/15/2021
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office
State » Political Affairs » Bureau of Western Hemisphere Affairs

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The full award report includes:
Award Obligation Trends
Task Order Trends
Buying Office Trends
Industry and Market Analysis
Competition Preferences
Contract Funding Analysis

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