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City of Fayetteville·Arkansas

Insurance Broker and Consulting Services

Closes 8/28/2025$500k – $2MRequest for Proposal
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Description

The City of Fayetteville, Arkansas, is seeking a qualified insurance broker and consultant to provide services for up to a five year term. The selected party will be expected to provide expert advice and guidance on insurance-related matters. Key responsibilities may include risk assessment, policy development, and claims management. The city is looking for a partner who can help mitigate risks and reduce costs. Some of the key factors that will be considered in the evaluation process include the proposer's experience, qualifications, and approach to providing insurance broker and consulting services. • The contract term is for up to five years with single year renewal options. • The city is seeking a qualified insurance broker and consultant with experience in providing similar services to municipal entities. • The selected party will be expected to provide a comprehensive approach to insurance broker and consulting services, including risk assessment, policy development, and claims management. • The city is looking for a partner who can help mitigate risks and reduce costs. • The evaluation process will consider factors such as the proposer's experience, qualifications, and approach to providing insurance broker and consulting services.

Attached files

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

Contact

Kenny Fitch(Sr Procurement Agent)

[email protected]

(479) 575-8258

Key dates

Opened
8/3/2025
Closes
8/28/2025
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP 25-13

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is difficult to estimate, as the document does not provide a specific budget or payment amount. However, based on the scope of work and the fact that the city is seeking a qualified insurance broker and consultant, it is likely that the budget will be in the range of $500,000 to $2,000,000 over the five year term. This estimate is based on the assumption that the selected party will be providing a comprehensive range of services, including risk assessment, policy development, and claims management. Factors that may influence the likely payment range include the level of expertise and experience of the selected party, the complexity of the city's insurance needs, and the level of competition in the procurement process.

AI estimate from the solicitation

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