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Awarded contract·City of Port Arthur·Texas

Flood Insurance

Won by Victor O. Schinnerer & Company, Inc.$200kSingle Award
Contract source

Awarded vendors

  • Victor O. Schinnerer & Company, Inc.

Description

The City of Port Arthur issued a Request for Proposal (RFP) for flood insurance services. The RFP was opened on March 6, 2013, and the contract was awarded to Victor O. Schinnerer & Company, Inc. The scope of work includes providing flood insurance services to the city. Key factors that may influence the contract value include the cost of insurance premiums, the level of coverage required, and the term of the contract. • The contract was awarded through a competitive bidding process • The RFP was issued by the City of Port Arthur's Purchasing department • The contract is for flood insurance services • The vendor is Victor O. Schinnerer & Company, Inc. • The point of contact for the contract is Clifton Williams

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524130
Solicitation №
15956

Contract value

$200,000

The contract value is difficult to estimate without more information about the specific services and premiums involved. However, based on industry standards, the average cost of flood insurance premiums can range from $500 to $2,000 per year for a single property. For a city like Port Arthur, the total contract value could be in the range of $50,000 to $500,000 per year, depending on the number of properties and the level of coverage required.

AI estimate from the award documents

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