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Shelby County·Tennessee

Single Source - Public Official Bonds

Closes 6/24/2026$1.3M – $5MSole Source
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Description

Shelby County is seeking a single‑source vendor to provide a Public Official Bond with coverage up to $65 million and to assume indemnification responsibilities for the county and its officials. The contract will run for four years beginning September 1, 2026, and the county expects a letter of interest and pricing to be submitted via email. This is a non‑competitive procurement; the county reserves the right to reject any or all quotes. • Scope: Issue a surety bond (public official bond) not exceeding $65 M, with full indemnification, defense, and hold‑harmless provisions. • Term: Four‑year contract starting 9/1/2026; award to be made after a mandatory 7‑day posting period. • Submission: Letter of interest and pricing sent to Sherry Money (email provided) before the notice expires on 6/24/2026 at 2:30 pm. • No fixed price disclosed; vendor compensation will be based on bond premium/fees (typically a percentage of the bond amount).

Attached files

Contact

Sherry Money

[email protected]

Key dates

Opened
6/15/2026
Closes
6/24/2026
Duration
4 years

Last updated

Details

Type
Sole Source
Industry
Insurance
NAICS
524210

Budget estimate

$1,300,000 – $5,000,000

The bond’s maximum coverage is $65 M. Surety bond premiums usually range from 0.5 % to 2 % of the bond amount per year. Assuming a 0.7 %‑1.5 % premium, the annual fee would be roughly $455,000–$975,000, resulting in a total four‑year revenue of about $1.3 M–$3.9 M. Additional fees for indemnification and administrative work could push the high end toward $5 M.

AI estimate from the solicitation

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