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Awarded contract·The Metropolitan District·Connecticut

Insurance Broker Services

$800kAwarded 1/1/2017Single Award
Contract source

Description

This solicitation seeks an experienced insurance brokerage firm to help the Metropolitan District (MDC) maintain its municipal insurance program and to act as a consultant on various insurance‑related matters. The scope includes broker services, program administration, and coordination with outside providers, with deliverables to be submitted by the September 8, 2016 deadline. The contract was awarded on January 1, 2017, but the awarded vendor’s identity is not publicly disclosed. The solicitation was open to multiple qualified firms throughout Connecticut and neighboring states. • Purpose: Provide comprehensive insurance brokerage and consulting services for a municipal water and sewer utility. • Timeline: Available July 27 2016 → Bid due September 8 2016 → Awarded January 1 2017. • Procurement: Full and open competition; no set‑aside restrictions indicated.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
9/8/2016
Intent to award
1/1/2017
Awarded
1/1/2017

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
2016R-17

Contract value

$800,000

No contract value is disclosed. Municipal insurance brokerage contracts for a utility of MDC’s size typically range from a few hundred thousand dollars to low‑single‑million dollars annually, depending on the scope of coverage and consulting intensity. Assuming a medium‑complexity program with annual premiums in the $10‑$30 million range and broker fees of 2‑3 % of premiums, the annual brokerage fee would be roughly $200,000‑$900,000. Adding consulting retainers could bring the total contract value to approximately $500,000‑$1,200,000 for a one‑year term. A reasonable ball‑park estimate is therefore about $800,000.

AI estimate from the award documents

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