Loren Data's SAM Daily™

SAMDAILY.US - ISSUE OF OCTOBER 16, 2020 SAM #6896
SPECIAL NOTICE

99 -- Insurance Services

Notice Date

10/14/2020 6:12:12 PM
 

Notice Type

Special Notice
 

NAICS

5241 —
 

Contracting Office

FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 

ZIP Code

00000
 

Solicitation Number

TIB-2021-P-0003
 

Response Due

11/4/2020 9:00:00 AM
 

Archive Date

11/05/2020
 

Point of Contact

Shante Dash, Denise Roberts-Maynard
 

E-Mail Address

shante.dash@frtib.gov, denise.roberts-maynard@frtib.gov
(shante.dash@frtib.gov, denise.roberts-maynard@frtib.gov)
 

Description

The Federal Retirement Thrift Investment Board (FRTIB), headquarters located at 77 K Street, NE, Washington, DC announces the sole source contract award to Marsh & McLennan for the Agency�s insurance services to include Commercial Liability & Umbrella, Fiduciary and ERISA Bond policies with a total value of $393,902.00.� This contract was awarded with authority granted under the Federal Employees Retirement System Act of 1986, 5 U.S.C. �?8474.� The contract supports the Agency�s critical infrastructure in which to house the vast majority of its Federal staff, and support contractors. The combination of staff and on-site contractors are needed to support the daily operations of the TSP .The Agency solicits these insurances to provides liability coverage FRTIB headquarters and additional satellite sites/call centers, mitigate risks and irreputable harm. In addition, it is stated in our lease agreement with 77K (Brookfield) that proper insurance coverage is required in order to not violate any conditions of the lease. Failure to maintain coverage could potentially cause an increase in rental amount for higher insurance rates imposed by the property manager for replacement coverage as defined in the 77K Basic Lease, Insurance, Section 13.1, pg.34. in light of the pandemic and unforseen circumstances, FRTIB is renewing the annual premiums for the Agency insurances for the 12-month period of performance with the previous vendor. The 12-month period of performance is the minimum amount of time that we can obtain these insurance services. The insurance industry does not permit for the use of option periods or a six (6) month option period to extend services. There are extenuating circumstances that preclude competition at this time and FRTIB is only awarding these contracts for 12-months (1 year) which is the absolute minimum amount of time. See attachment for more detailed information.
 

Web Link

SAM.gov Permalink
(https://beta.sam.gov/opp/5a2d9d23db9a4ac087350d3a5320e8aa/view)
 

Place of Performance

Address: Washington, DC 20002, USA

Zip Code: 20002

Country: USA
 

Record

SN05826828-F 20201016/201014230135 (samdaily.us)
 

Source

SAM.gov Link to This Notice
(may not be valid after Archive Date)

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