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  1. Bid Banana
  2. ›Closed bids
  3. ›Minnesota
  4. ›Healthcare and Medical Services
  5. ›Pharmacy Benefits Manager: Phase 2

University of Minnesota·Minnesota

Pharmacy Benefits Manager: Phase 2

Closes 2/16/2026$1M – $5MRequest for Proposal
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Description

The University of Minnesota is seeking a Pharmacy Benefits Manager to provide services for an initial contract term of three years, with optional renewal terms. The selected respondent will be responsible for managing the university's pharmacy benefits program. The program is expected to be reviewed at least every three years, and the university requires all major contracts to be competitively reviewed on a regular basis. • The contract term is for three years, with optional one-year renewal terms. • The university has five campuses and extension offices throughout the state. • Respondents are prohibited from contacting the identified department about this RFP while in process. • The submission deadline is a hard close, and the system will reject responses with errors and will not allow late submissions.

Attached files

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

Contact

Sarah Erhardt

[email protected]

Key dates

Opened
1/16/2026
Questions due
1/22/2026
Closes
2/16/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Healthcare and Medical Services
NAICS
621410
Solicitation №
10090.01072026.SE Addendum 1

Budget estimate

$1,000,000 – $5,000,000

The budget for this opportunity is difficult to estimate, as the document does not provide a specific dollar amount. However, considering the scope of the project and the fact that it is a three-year contract with optional renewal terms, it is likely that the budget will be in the millions of dollars. The university's pharmacy benefits program likely serves a large number of students, faculty, and staff, and the selected respondent will be responsible for managing the program's costs and ensuring that it is running efficiently. Factors that may influence the likely payment range include the number of participants in the program, the types of services required, and the level of competition among respondents.

AI estimate from the solicitation

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