19CH5021A2014 - VEHICLE INSURANCE
Federal Contract Award Search » BPA Award
This BPA contract for Financial services was awarded in FY2021 on June 23, 2021 to PING AN PROPERTY & CASUALTY INSURANCE COMPANY OF CHINA, LTD. BEIJING BRANCH by Bureau of East Asian and Pacific Affairs. There have been no obligations to date with a ceiling value of $30k, showing a 0% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 1 year duration with ultimate completion date of June 29, 2022.
PING AN PROPERTY & CASUALTY INSURANCE COMPANY OF CHINA, LTD. BEIJING BRANCH is a contractor located in BEIJING, doing primarily Financial services work for State. Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
Blanket Purchase Agreements or BPAs establish a method for the Government to satisfy a repetitive need for goods and services. When a government-wide need exists for specific products or services, a BPA allows the Government to establish a single contract to satisfy those needs. Creating a single source for common needs enables the Government to use buying power to drive down prices and avoid the higher costs associated with hundreds or thousands of customers purchasing independently.
- Contract Number
- 19CH5021A2014
- Obligations to Date
- $0k
- Ceiling Value
- $30k
- Award Date
- 06/23/2021
- Contract Type
- BPA
- Buying Agency/Office
- State » Political Affairs » Bureau of East Asian and Pacific Affairs
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