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LA County Treasurer and Tax Collector·California

Real Property Insurance Services

Rolling / TBD close$500k – $2MRequest for Qualification
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Description

The County of Los Angeles is seeking qualified insurance brokers to provide real property insurance services for properties managed by the Public Administrator. The selected contractors will be added to a master list and will provide insurance coverage for various types of properties, including improved and vacant properties. The contractors will be responsible for designing, marketing, and obtaining quotations for insurance products, as well as providing low-cost liability insurance for vacant land. The contractors will also be required to provide monthly reports and training to the Public Administrator. The contract term is for five years, with the option to extend for up to three additional years. • The contractor must have a minimum of three years of experience providing similar services. • The contractor must have an administrative business office located within the County or a contiguous county. • The contractor must have a valid California insurance broker or agent's license. • The contractor must demonstrate financial stability and have the necessary insurance coverage. • The contractor must comply with all applicable laws and regulations, including the California Public Records Act. • The contractor must provide proof of WebVen registration and have a County WebVen Number.

Attached files

Contact

Ashley Cupino(Contracts Section)

[email protected]

(213) 974-7360

Key dates

Opened
2/9/2018
Closes
Rolling / TBD
Duration
5 years

Last updated

Details

Type
Request for Qualification
Industry
Insurance
NAICS
524210
Solicitation №
TTC RFSQ 2018-01 RPIS

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is estimated to be in the range of $500,000 to $2,000,000 per year, depending on the number of properties insured and the type of insurance coverage provided. The contractor will be compensated through premiums charged to the County, and the contractor is responsible for all applicable commissions, taxes, fees, and costs. The estimated budget is based on the assumption that the contractor will provide insurance coverage for a significant number of properties and will be able to negotiate competitive premium rates with insurance companies.

AI estimate from the solicitation

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