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  5. ›Athletics Contingent Risk, Contractual Incentive, and…

New Mexico State University·New Mexico

Athletics Contingent Risk, Contractual Incentive, and Prize Indemnity Insurance

Closes 10/12/2026$250k – $2MRequest for Proposal
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Description

New Mexico State University is seeking a qualified insurance provider to furnish and manage athletics‑contingent risk, contractual‑incentive, and prize‑indemnity insurance for its Division I intercollegiate athletics programs. The vendor must demonstrate ability to access specialty insurance markets, place coverage quickly, administer claims, and provide personnel with relevant expertise. The contract will be awarded after a point‑based evaluation, with additional preference points for New Mexico resident or veteran‑resident businesses. The agreement may be up to five years in duration, with renewal options only by mutual consent.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Melinda Lujan‑Severns(Contact)

[email protected]

(575) 646-4636

Key dates

Opened
9/25/2026
Questions due
10/1/2026
Closes
10/12/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
2027-RFP-896

Budget estimate

$250,000 – $2,000,000

The solicitation does not disclose a contract ceiling. Comparable university athletics insurance contracts typically range from a few hundred thousand dollars for basic coverage to low‑single‑digit millions for comprehensive, multi‑year programs. Assuming a mid‑size public university with extensive athletics programs, a reasonable estimate is $250,000–$2,000,000 over the contract term, reflecting premium payments, administrative fees, and potential commission structures.

AI estimate from the solicitation

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