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  5. ›23/0393 - Ocean Marine Insurance for Harris County…

Awarded contract·Harris County·Texas

23/0393 - Ocean Marine Insurance for Harris County Ferryboats

Won by McGriff, a Marsh & McLennan Agency LLC Company$87kSingle Award
Contract source

Awarded vendors

  • McGriff, a Marsh & McLennan Agency LLC Company

Description

The contract is for ocean marine insurance for Harris County ferryboats, with a term of 2 years and a total value of $87,159. The contract was awarded to McGriff, a Marsh & McLennan Agency LLC Company. The key aspects of the contract include: • The contract term is from 2024-05-07 to 2026-05-06 • The contract value is $87,159 • The contract is for ocean marine insurance for Harris County ferryboats • The vendor is McGriff, a Marsh & McLennan Agency LLC Company • The purchasing contacts are Corey Douglas and Jeremy Woodard This contract is significant because it provides insurance coverage for the Harris County ferryboats, which is essential for the safe operation of the ferries. The contract also highlights the importance of risk management in the transportation industry.

Attached files

Key dates

Starts
5/7/2024
Ends
5/6/2026Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524110
Solicitation №
176106

Contract value

$87,159

The contract value is explicitly stated as $87,159, which is the total value for the 2-year term. This value is likely based on the premium costs for the ocean marine insurance. The contract also includes a provision for an adjustment of up to 5% of the annual contract price to account for an increase in premium costs.

AI estimate from the award documents

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