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Awarded contract·Fauquier County·Virginia

Insurance Broker for FCFRS

Won by Brown & Brown Insurance of VA$1MAwarded 9/25/2023Single Award
Contract source

Awarded vendors

  • Brown & Brown Insurance of VA

Description

This contract awards Brown & Brown Insurance of VA the right to act as the exclusive insurance broker for the Fauquier County Fire and Rescue System (FCFRS). The broker will handle all insurance procurement, policy management, claims assistance, and risk‑assessment services required by the county’s fire and rescue operations for a five‑year period, with the ability to extend the relationship through up to five one‑year renewals. Key points include: • Scope: Full‑service insurance brokerage for FCFRS, covering policy sourcing, negotiation, administration, and claims support. • Term: Effective September 25 2023 through July 17 2028, with five optional one‑year extensions. • Procurement: Awarded after a competitive RFP process (RFP 56‑23ksc) with the vendor selected on September 25 2023.

Attached files

Key dates

Bids closed
5/5/2023
Intent to award
9/25/2023
Awarded
9/25/2023
Starts
9/25/2023
Ends
7/17/2028Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
56-23ksc

Contract value

$1,000,000

No monetary value is disclosed. A typical county‑level fire‑rescue insurance brokerage agreement of this scope (policy procurement, risk assessment, claims handling) often ranges from $150‑$250 k per year, depending on the size of the fleet, equipment, and personnel coverage. Assuming a mid‑point of $200 k annually over the base five‑year term yields an estimated contract value of $1 million. Adding the potential five one‑year renewals could increase the ceiling to roughly $1.5 million if the same annual spend persists. Therefore, a reasonable ballpark for the base contract is about $1 million.

AI estimate from the award documents

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