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Awarded contract·Frederick County Procurement & Contracting Dept·Maryland

Flexible Spending Account Administration and Tuition Reimbursement Services

Won by Wex Health, Inc. +4 more$300kMultiple Award
Contract source

Awarded vendors

  • Wex Health, Inc.
  • Interflex Payment, LLC
  • Total Administrative Services Corp. (TASC)
  • Optum
  • Flexible Benefit Administrators, Inc.

Description

The County of Frederick, Maryland is seeking proposals from qualified firms for the provision of Flexible Spending Account (FSA) Administration for eligible employees of the County. The contract also includes COBRA Administration, Retiree/LWOP billing, and Tuition Reimbursement Administration. The selected vendor will be required to provide technical and price proposals, including documents such as an executive summary, technical proposal forms, and price proposal forms. Some key points to note about this contract include: * The contract is for the administration of flexible spending accounts, COBRA, retiree/LWOP billing, and tuition reimbursement for County employees. * The contract requires the selected vendor to provide technical and price proposals. * The contract includes a pre-bid conference, which was held on April 18, 2024. * The contract has a due date of May 9, 2024, at 2:00 PM local time. * The award will be listed on the website after final award by the County. Some benefits of this contract to the client include: • Administration of flexible spending accounts, COBRA, retiree/LWOP billing, and tuition reimbursement for County employees. • Technical and price proposals are required, ensuring that the selected vendor is qualified and experienced. • A pre-bid conference was held, allowing potential vendors to ask questions and clarify requirements. • The contract has a clear due date and time, ensuring that all proposals are submitted in a timely manner. • The award will be publicly listed, ensuring transparency in the procurement process.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541611
Solicitation №
24-327

Contract value

$300,000

The contract value is not explicitly stated in the document. However, based on the scope of work, which includes the administration of flexible spending accounts, COBRA, retiree/LWOP billing, and tuition reimbursement for County employees, it is likely that the contract value is in the range of $100,000 to $500,000 per year. This estimate is based on industry standards for similar services and the size of the County. Factors that may influence the contract value include the number of employees, the complexity of the services required, and the level of competition among vendors.

AI estimate from the award documents

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