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Awarded contract·Richmond Public Schools·Virginia

Flexible Spending Account Administration and Health Reimbursement Account (HRA) Administration for Richmond Public Schools

Won by Flexible Benefits Administrators, Inc.$2MSingle Award
Contract source

Awarded vendors

  • Flexible Benefits Administrators, Inc.

Description

This contract is for the administration of flexible spending accounts and health reimbursement accounts for Richmond Public Schools. The contract was awarded to Flexible Benefits Administrators, Inc. and has a term of 3 years. The scope of work includes the administration of these accounts, which involves managing employee benefits and providing customer service. Key features of the contract include: • Administration of flexible spending accounts and health reimbursement accounts • Management of employee benefits • Customer service • 3-year contract term • Awarded to Flexible Benefits Administrators, Inc.

Attached files

Key dates

Starts
5/9/2023
Ends
5/31/2026Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524
Solicitation №
23-0482-H

Contract value

$2,000,000

The contract value is not explicitly stated in the provided data. However, based on the scope of work and the fact that it is a 3-year contract, it is likely that the value is in the range of hundreds of thousands to millions of dollars. A rough estimate could be around $500,000 to $1,000,000 per year, considering the services involved. Therefore, the total contract value could be around $1,500,000 to $3,000,000.

AI estimate from the award documents

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