70FA6018D00000004 - CL THE PURPOSE OF THIS PROCUREMENT IS TO OBTAIN ...

This IDC contract for Financial services was awarded in FY2018 on Mar 15, 2018 to GUY CARPENTER & COMPANY, LLC by FIMA Mitigation Directorate. There have been $45M in obligations to date with a ceiling value of $53.5M, showing a 84% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Apr 14, 2023.

GUY CARPENTER & COMPANY, LLC is a contractor located in NY, doing primarily Financial services work for Homeland Security (DHS). The company receives $9.7M 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.

Read the full report

Buying Agency/Office

Homeland Security (DHS)»Federal Emergency Management Agency (FEMA)»FEMA Office of Resilience»FEMA Federal Insurance & Mitigation Administration (FIMA)»FIMA Mitigation Directorate

Read the full report