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  5. ›Life Insurance for City of Irving

City of Irving·Texas

Life Insurance for City of Irving

Closes 3/27/2026$250k – $1.5MRequest for Proposal
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Description

The City of Irving is seeking a third‑party administrator to provide and manage both basic and voluntary life and accidental death & dismemberment (AD&D) insurance coverage for its employees, effective October 2026. The vendor must submit net‑of‑commission rates, cannot include broker or consultant fees, and must respond electronically. No hard‑copy submission is required unless specified in the detailed specifications. • Provide Basic Life, AD&D, Voluntary Life, and Voluntary AD&D coverage for city employees. • Submit a net‑price proposal with no additional broker or commission fees; all fees must be included in the quoted rates. • Respond to any clarification questions by March 18, 2026 and submit the final proposal by March 27, 2026 via the online portal. • Participate in the virtual RFP opening on March 27, 2026 via Microsoft Teams.

Attached files

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

Contact

Darlene Humphries(Purchasing Manager)

[email protected]

(972) 721-3752

Key dates

Opened
3/9/2026
Questions due
3/18/2026
Closes
3/27/2026

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
076D-26F

Budget estimate

$250,000 – $1,500,000

Based on typical municipal insurance administration contracts, the city is likely to award a multi‑year service agreement ranging from a few hundred thousand dollars to low‑single‑digit millions, depending on the employee population size, coverage levels, and administrative fee structure. Assuming a mid‑size city with 3,000–4,000 employees, an annual administration fee of $75–$150 per employee would result in $225,000–$600,000 per year. If the contract spans three years, total revenue could be $675,000–$1,800,000. Therefore, a reasonable estimate is $250,000 to $1,500,000.

AI estimate from the solicitation

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