Contract 70FA6022C00000006
Torrent Technologies, Inc. · Department Of Homeland Security · September 29, 2022
Torrent Technologies, Inc. was awarded a federal contract by Department Of Homeland Security (Federal Emergency Management Agency) on September 29, 2022 for $41.56 million of work in pharmacy benefit management and other third party administration of insurance and pension funds. Performance is in Washington, DC. It was awarded under full and open competition. The contract has been modified 6 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on September 24, 2024. If all options are exercised, the contract could reach $117.57 million.
Contract details
- PIID
- 70FA6022C00000006
- Award type
- Definitive Contract
- Pricing
- Firm Fixed Price
- Set-aside
- No Set Aside Used.
- Competition
- Not Competed
- NAICS
- 524292 · Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds
- Product / service
- Social- Government Insurance Programs: Other
- Place of performance
- Washington, DC
- First action
- September 29, 2022
- Latest action
- September 24, 2024
Description
EXTEND SERVICES SIX MONTHS.
Modification timeline
-
September 24, 2024Mod P00021 · Exercise An Option$102.05M
-
August 28, 2024Mod P00020 · Funding Only ActionDUE TO AN INCREASE IN POSTAGE COSTS :- REALIGN $300,000 FROM CLIN 3001 - SFIP AND $150,000 FROM CLIN 3003 - SRL, WHICH TOTALS $450,000, TO CLIN 3005 - ODC$80.54M
-
August 16, 2024Mod P00019 · Supplemental Agreement For Work Within ScopeINCREASE FUNDING AND SUPPORT OF NFIP DIRECT SURVEYS.$80.54M
-
July 24, 2024Mod P00018 · Other Administrative ActionTHE PURPOSE OF THIS MODIFICATION (P00018) IS TO REMOVE THE CEILING ON THE CONTRACT. A CEILING AMOUNT WAS INADVERTENTLY PLACED ON THE CONTRACT. SINCE THIS CONTRACT ISN'T AN IDIQ, THE CEILING WILL BE R…$80.40M
-
July 3, 2024Mod P00017 · Exercise An OptionTHE PURPOSE OF THIS MODIFICATION IS TO EXERCISE NFIP DIRECT TRANSITION OUT OPTION (CLIN 0007) ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.$80.40M
-
September 27, 2023Mod P00012 · Additional Work (New Agreement, Justification Required)THE PURPOSE OF THIS MODIFICATION IS TO REALIGN DISTRIBUTION OF OBLIGATED FUNDS FOR BASE AND OY1 CLIN$57.48M
-
September 29, 2022Base awardCONTRACTOR SUPPORT TO FACILITATE A PROPERTY OWNER'S INSURANCE AGENT OBTAINING FLOOD INSURANCE FOR THEIR CLIENT, THE HOMEOWNER, DIRECTLY FROM THE GOVERNMENT RATHER THROUGH A WYO COMPANY. CONTRACTOR SHA…$35.63M
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Top contractors in NAICS 524292
Lifetime obligated dollars across all federal contracts in this NAICS code.
| # | Contractor | Contracts | Obligated |
|---|---|---|---|
| 1 | Triwest Healthcare Alliance Corp | 7 | $140.85M |
| 2 | Wisconsin Physicians Service Insurance Corp. | 1 | $30.65M |
| 3 | General Dynamics Information Technology, Inc. | 1 | $27.91M |
| 4 | Healthequity, Inc. | 55 | $26.07M |
| 5 | Ardent Group, Llc | 1 | $9.30M |
| 6 | Palisade-Heritage Jv Llc | 25 | $1.51M |
| 7 | Consumer Capital Group Corp. | 1 | $1.35M |
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Frequently asked questions
What is contract 70FA6022C00000006?
Contract 70FA6022C00000006 is a federal contract awarded to Torrent Technologies, Inc. by Department Of Homeland Security on September 29, 2022 for $41.56 million of work classified under PHARMACY BENEFIT MANAGEMENT AND OTHER THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS. It has been modified 6 times since the base award.
Who won contract 70FA6022C00000006?
Torrent Technologies, Inc. won contract 70FA6022C00000006 from Department Of Homeland Security.
How much is contract 70FA6022C00000006 worth?
Contract 70FA6022C00000006 has obligated $41.56 million to date, with a total potential value of $117.57 million if all options are exercised.