Short Take: CSC awarded $61 million FEMA contract
Computer Sciences, a computer services company specializing in outsourcing, consulting and systems integration, has been awarded a contract by the Federal Emergency Management Agency (FEMA) to continue supporting the federal government's National Flood Insurance Program (NFIP). The three-year contract has a base-period value of $35 million and could be valued at $61 million if all options are exercised over an additional two-year period. As the NFIP's Bureau and Statistical Agent, CSC will serve as the liaison between the government and more than 90 independent property and casualty insurance companies that issue federally guaranteed NFIP policies.
Computer Sciences, a computer services company specializing in outsourcing, consulting and systems integration, has been awarded a contract by the Federal Emergency Management Agency (FEMA) to continue supporting the federal government's National Flood Insurance Program (NFIP). The three-year contract has a base-period value of $35 million and could be valued at $61 million if all options are exercised over an additional two-year period. As the NFIP's Bureau and Statistical Agent, CSC will serve as the liaison between the government and more than 90 independent property and casualty insurance companies that issue federally guaranteed NFIP policies.