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Department of State Awarded a Contract to TBC INSURANCE JSC for $3,947,700.00
Signed on
2/18/2020, 12:00 AM
TBC INSURANCE JSC Government Contract #19GG8020D0002
TBC INSURANCE JSC was awarded a contract with the United States Government for $3,947,700.00. The contract was awarded by the agency office U.S. EMBASSY TBILISI, which is a division with the Department of State within the Department of State.
Summary of Award
TBC Insurance JSC, based in Tbilisi, Georgia, is the recipient of a requirements contract for health insurance for the U.S. Embassy in Tbilisi, funded by the Department of State. The contract is valued at $3,947,700 with a performance period from April 1, 2020, to August 31, 2025. The contract was signed on February 18, 2020. The purpose of the contract is to provide social non-government insurance programs. The recipient is a foreign-owned business incorporated in the U.S. and has been awarded this single contract through a negotiated proposal process. The contract uses fixed price with economic price adjustment as the type of contract pricing.