19BK8020D0003 - HEALTH INSURANCE SERVICES FOR THE EMBASSY LOCALLY ... | Federal Compass

19BK8020D0003 - HEALTH INSURANCE SERVICES FOR THE EMBASSY LOCALLY ...

Federal Contract Award Search » IDC Award

This IDC contract for Financial services was awarded in FY2020 on March 03, 2020 to GBG HOLDINGS INC by Bureau of European and Eurasian Affairs. There have been $4.7M in obligations to date with a ceiling value of $7.1M, showing a 66% 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 March 27, 2025.

GBG HOLDINGS INC is a contractor located in CA, doing primarily Financial services work for State. The company receives $1.5M annually in federal awards (as of FY2020). 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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Contract Number
19BK8020D0003
Contractor
GBG HOLDINGS INC
Obligations to Date
$4.7M
Ceiling Value
$7.1M
Award Date
03/03/2020
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office
State » Political Affairs » Bureau of European and Eurasian Affairs


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Task Order History

Task Order No. Contractor Obligations Effective Date
19BK8020F0244 GBG HOLDINGS INC $91.2k 03/23/2020
19BK8020F0286 GBG HOLDINGS INC $89.7k 04/29/2020
19BK8020F0321 GBG HOLDINGS INC $91.4k 06/01/2020
19BK8020F0358 GBG HOLDINGS INC $93.1k 06/24/2020
19BK8020F0390 GBG HOLDINGS INC $95.1k 07/23/2020
19BK8020F0435 GBG HOLDINGS INC $98.3k 08/28/2020
19BK8020F0493 GBG HOLDINGS INC $97.6k 09/28/2020
19BK8021F0040 GBG HOLDINGS INC $99.1k 10/27/2020
19BK8021F0073 GBG HOLDINGS INC $99.9k 11/30/2020
19BK8021F0107 GBG HOLDINGS INC $102.3k 12/21/2020
19BK8021F0137 GBG HOLDINGS INC $101.7k 01/22/2021
19BK8021F0174 GBG HOLDINGS INC $101.4k 02/22/2021
19BK8021F0194 GBG HOLDINGS INC $104.3k 03/19/2021
19BK8021F0253 GBG HOLDINGS INC $105.7k 04/22/2021
19BK8021F0292 GBG HOLDINGS INC $107.3k 05/28/2021
19BK8021F0335 GBG HOLDINGS INC $104.1k 06/24/2021
19BK8021F0381 GBG HOLDINGS INC $102.8k 07/23/2021
19BK8021F0430 GBG HOLDINGS INC $101.3k 08/25/2021
19BK8021F0475 GBG HOLDINGS INC $101.4k 09/22/2021
19BK8022F0036 GBG HOLDINGS INC $101.3k 10/26/2021

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