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  5. ›2019-0034 Short Term Disability - Metlife Short Term

Awarded contract·Atlanta Public Schools·Georgia

2019-0034 Short Term Disability - Metlife Short Term

Won by Metropolitan Life Insurance Company (MetLife)$5MSingle Award
Contract source

Awarded vendors

  • Metropolitan Life Insurance Company (MetLife)

Description

This contract is for the provision of Group Short Term Disability Insurance to the Atlanta Public Schools. The contract was awarded to Metropolitan Life Insurance Company (MetLife) for a period of 5 years, with the option to renew for an additional 4 one-year terms. The contract requires MetLife to provide insurance benefits to APS employees, with APS facilitating payroll deduction for employees who choose to participate. The contract also includes provisions for confidentiality, security, and compliance with federal and state laws. Key aspects of the contract include: • The contract term is 5 years, with the option to renew for an additional 4 one-year terms. • MetLife is responsible for providing Group Short Term Disability Insurance benefits to APS employees. • APS will facilitate payroll deduction for employees who choose to participate in the insurance plan. • The contract includes provisions for confidentiality, security, and compliance with federal and state laws. • The contract requires MetLife to maintain accurate records and to comply with all applicable laws and regulations.

Attached files

Key dates

Starts
1/1/2020
Ends
12/31/2025Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524114
Solicitation №
2019-0034

Contract value

$5,000,000

The contract value is not explicitly stated, but based on the contract term and the type of insurance being provided, it is likely that the value is in the millions of dollars. A rough estimate would be around $5-10 million per year, depending on the number of employees participating in the plan and the premium rates.

AI estimate from the award documents

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