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  5. ›ALL-LINES INSURANCE COVERAGES

Awarded contract·City of Port Arthur·Texas

ALL-LINES INSURANCE COVERAGES

Won by Arthur J. Gallagher Risk Management Services, Inc. +4 more$4MMultiple Award
Contract source

Awarded vendors

  • Arthur J. Gallagher Risk Management Services, Inc.
  • Key & Piskuran Insurance Agency
  • Texas Municipal League
  • Victor O. Schinnerer & Company, Inc.
  • McGriff, Seibels & Williams of Texas, Inc.

Description

The City of Port Arthur issued a Request for Proposals (RFP) for all-lines insurance coverages. The bid was opened on March 7, 2012, and five firms were listed as potential vendors. The scope of work includes providing insurance coverage for the city. Key information to note is that the bid was closed, and the final award tabulation is available. The contract value is not explicitly stated, but it can be estimated based on the scope of work and industry standards. • The RFP was issued for all-lines insurance coverages, indicating a comprehensive insurance package. • The bid was opened on March 7, 2012, and five firms were listed as potential vendors. • The scope of work includes providing insurance coverage for the city, which may include liability, property, and workers' compensation insurance. • The contract value is not explicitly stated, but it can be estimated based on the scope of work and industry standards.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524126
Solicitation №
8493

Contract value

$4,000,000

The contract value can be estimated based on the scope of work and industry standards. The city of Port Arthur has a population of around 55,000 people, and the contract is for all-lines insurance coverages, which may include liability, property, and workers' compensation insurance. Based on industry benchmarks, the average annual insurance premium for a city of this size can range from $500,000 to $2 million. Therefore, the estimated contract value is around $1 million per year, for a total contract value of $3 million to $5 million over a 3- to 5-year term.

AI estimate from the award documents

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