Contract 9531CB21C0004

Metropolitan Life Insurance Co · Consumer Financial Protection Bureau · November 3, 2020

Fixed Price With Economic Price AdjustmentFull & Open CompetitionNAICS 524113

Metropolitan Life Insurance Co was awarded a federal contract by Consumer Financial Protection Bureau on November 3, 2020 for $1.17 million of work in direct life insurance carriers. Performance is in Washington, DC. It was awarded under full and open competition. The contract has been modified 11 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on June 30, 2025. If all options are exercised, the contract could reach $1.81 million.

Obligated to date
$1.17M
$1,174,558
Current value
$1.17M
Potential value
$1.81M
if all options exercised
Modifications
11
Latest June 30, 2025

Contract details

PIID
9531CB21C0004
Award type
Definitive Contract
Pricing
Fixed Price With Economic Price Adjustment
Set-aside
No Set Aside Used.
Competition
Full And Open Competition
NAICS
524113 · Direct Life Insurance Carriers
Product / service
Social- Non-Government Insurance Programs
Place of performance
Washington, DC
First action
November 3, 2020
Latest action
June 30, 2025

Description

CFPB LIFE INSURANCE SERVICES - MODIFICATION TO UPDATE VENDOR POC

Modification timeline

  • June 30, 2025
    Mod P00011
    $0
  • December 10, 2024
    Mod P00010
    CFPB LIFE INSURANCE SERVICES - MODIFICATION TO EXERCISE OPTION YEAR 4
    $228.2K
  • September 23, 2024
    Mod P00009
    CFPB LIFE INSURANCE SERVICES - MODIFICATION TO ADD REQUIRED FUNDING FOR OVERAGE
    $30.0K
  • August 7, 2024
    Mod P00008
    CFPB LIFE INSURANCE SERVICES - MODIFICATION TO REFLECT CORRECT BILLING PROCESS THAT IS NOT THROUGH IPP.
    $0
  • March 27, 2024
    Mod P00007
    CFPB LIFE INSURANCE SERVICES - MODIFICATION TO TO ALIGN PERIOD OF PERFORMANCE AND BILLING DATES WITH CFPB PAY PERIODS.
    $0
  • January 29, 2024
    Mod P00006
    CFPB LIFE INSURANCE SERVICES - MODIFICATION TO INCREASE FUNDING TO COVER OVERAGE NEEDED DUE TO SALARY RESET INCREASING EMPLOYEE SALARIES, WHICH AFFECTS COVERAGE
    $7.6K
  • December 15, 2023
    Mod P00005
    CFPB LIFE INSURANCE SERVICES - MODIFICATION TO EXERCISE OPTION
    $177.8K
  • July 18, 2023
    Mod P00004
    CFPB LIFE INSURANCE SERVICES - MODIFICATION TO UPDATE COR AND ALTERNATE COR
    $0
  • December 21, 2022
    Mod P00003
    CFPB LIFE INSURANCE SERVICES - EXERCISE OPTION YEAR 2
    $182.1K
  • April 27, 2022
    Mod P00002
    CFPB LIFE INSURANCE SERVICES - UPDATE ACCOUNTING
    $0

Similar contracts

RecipientAgencyDateObligated
Metropolitan Life Insurance CoConsumer Financial Protection BureauJune 30, 2025$7.25M

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Frequently asked questions

What is contract 9531CB21C0004?

Contract 9531CB21C0004 is a federal contract awarded to Metropolitan Life Insurance Co by Consumer Financial Protection Bureau on November 3, 2020 for $1.17 million of work classified under DIRECT LIFE INSURANCE CARRIERS. It has been modified 11 times since the base award.

Who won contract 9531CB21C0004?

Metropolitan Life Insurance Co won contract 9531CB21C0004 from Consumer Financial Protection Bureau.

How much is contract 9531CB21C0004 worth?

Contract 9531CB21C0004 has obligated $1.17 million to date, with a total potential value of $1.81 million if all options are exercised.