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Department of Homeland Security Awarded a Contract to TORRENT TECHNOLOGIES, INC. for $55,368,488.78

Signed on

3/26/2021, 12:00 AM

TORRENT TECHNOLOGIES, INC. Government Contract #70FA6021F00000014

TORRENT TECHNOLOGIES, INC. was awarded a contract with the United States Government for $55,368,488.78. The contract was awarded by the agency office MITIGATION SECTION(MIT60), which is a division with the Federal Emergency Management Agency within the Department of Homeland Security.

Summary of Award

The recipient of the federal contract is Torrent Technologies, Inc., a U.S.-owned business in Montana, specializing in pharmacy benefit management and other insurance-related activities. The contract, funded by the Department of Homeland Security through the Federal Emergency Management Agency, is for NFIP Direct Transition and Steady State Support, with a total obligation of $37,794,763.26. Notable transactions include multiple modifications with varying amounts, ranging from a deduction of $0.03 to additions of over $8 million.

Contract Details

Contract ID70FA6021F00000014
Contract TypeC
Total Obligation$37,794,763.26
Exercised Options$37,794,763.26
Base Amount + Options$55,368,488.78
Date Signed2021-03-26
Contract DescriptionNFIP DIRECT TRANSITION AND STEADY STATE SUPPORT
Start Date2021-03-26
End Date2022-09-29

Agency Details

Awarding AgencyDepartment of Homeland Security
Awarding Sub AgencyFederal Emergency Management Agency
Awarding OfficeMITIGATION SECTION(MIT60)
Funding AgencyDepartment of Homeland Security
Funding Sub AgencyFederal Emergency Management Agency
Funding OfficeMS - MISSION SUPPORT

Recipient Details

RecipientTORRENT TECHNOLOGIES, INC.
Recipient Location1935 3RD AVE E # 100 KALISPELL MONTANA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00018$-0.03May 27, 2026

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $-0.03 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00017$-2,062,204.48May 30, 2025

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $-2,062,204.48 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016$0.00December 12, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00015$0.00October 18, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00014$0.00September 19, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00013$0.00September 13, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00012$2,185,645.69August 17, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $2,185,645.69 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00011$2,203,249.69July 28, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $2,203,249.69 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$4,403,891.38May 26, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $4,403,891.38 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$0.00May 18, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008$74,520.00February 17, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $74,520.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$8,929,909.76January 5, 2022

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $8,929,909.76 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$0.00November 17, 2021

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006$0.00November 17, 2021

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$0.00November 13, 2021

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003$124,970.96September 14, 2021

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $124,970.96 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$0.00June 9, 2021

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $0.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001$600.00April 28, 2021

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $600.00 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #0$21,934,180.29March 26, 2021

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $21,934,180.29 to TORRENT TECHNOLOGIES, INC.. The payment included a Subsidy Cost of $0.00.