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70FA6022C00000006

Definitive Contract

Overview

Government Description
CONTRACTOR 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 SHALL FURNISH ALL PERSONNEL, FACILITIES, EQUIPME
Place of Performance
Washington, DC 20472 United States
Pricing
Fixed Price
Set Aside
None
Extent Competed
Not Competed
Analysis Notes
Amendment Since initial award the Potential End Date has been extended from 09/29/24 to 06/30/25 and the Potential Award value has increased 130% from $51,148,736 to $117,571,161.
Sole Source This Definitive Contract was awarded sole source to Torrent Technologies.
Subcontracting Plan This Definitive Contract has an Individual Subcontract Plan. The Department of Homeland Security has an overall small business subcontracting goal of 43%
Unrealized Backlog This Definitive Contract is complete with $15,519,579 of funded backlog and $15,519,579 of unfunded backlog unused, which is typically due to unexercised options.
Undisclosed Subcontractors No subcontract awards have been formally disclosed for this contract; however, based on invoice data these subcontractors have worked on this contract: H2O Partners, Lionel Henderson, Crowned Grace
Torrent Technologies was awarded Definitive Contract 70FA6022C00000006 (70FA60-22-C-00000006) worth up to $117,571,161 by Federal Emergency Management Agency in September 2022. The contract has a duration of 2 years 9 months and was awarded through solicitation FEMA NFIP Direct Bridge - Notice of Intent to Award a Sole Source full & open with NAICS 524292 and PSC G008 via sole source acquisition procedures with 1 bid received. As of today, the Definitive Contract has a total reported backlog of $15,519,579 and funded backlog of $15,519,579, though the contract is complete, so backlog may not be realized.

Status
(Complete)

Last Modified 5/22/25
Period of Performance
9/30/22
Start Date
6/27/25
Current End Date
6/30/25
Potential End Date
100% Complete

Obligations and Backlog
$102.1M
Total Obligated
$117.6M
Current Award
$117.6M
Potential Award
87% Funded
$15.5M
Funded Backlog
$15.5M
Total Backlog

Award Hierarchy

Definitive Contract

70FA6022C00000006

Subcontracts

-

Activity Timeline

Interactive chart of timeline of amendments to 70FA6022C00000006

Labor Services Billing

Annual labor billing rates and FTE reported for 70FA6022C00000006

Subcontract Awards

Disclosed subcontracts for 70FA6022C00000006

Opportunity Lifecycle

Procurement history for 70FA6022C00000006

Transaction History

Modifications to 70FA6022C00000006

People

Suggested agency contacts for 70FA6022C00000006

Competition

Number of Bidders
1
Solicitation Procedures
Sole Source
Other Than Full and Open Competition
Follow-On Contract
Evaluated Preference
None
Performance Based Acquisition
Yes
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
No

Other Categorizations

Subcontracting Plan
Individual Subcontract Plan
Cost Accounting Standards
Exempt
Business Size Determination
Large Business
Awardee UEI
W69TCJPDDLZ7
Awardee CAGE
71LW1
Agency Detail
Awarding Office
70FA60 MITIGATION SECTION(MIT60)
Funding Office
70FPMS
Created By
bryan.falcone@fema.dhs.gov
Last Modified By
bryan.falcone@fema.dhs.gov
Approved By
bryan.falcone@fema.dhs.gov

Legislative

Legislative Mandates
Labor Standards
Performance District
DC-98

Budget Funding

Federal Account Budget Subfunction Object Class Total Percentage
National Flood Insurance Fund, Federal Emergency Management Agency, Homeland Security (070-4236) Disaster relief and insurance Other services from non-Federal sources (25.2) $57,475,220 100%
Modified: 5/22/25