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Awarded contract·City of Fort Myers·Florida

Third Party Administrator for Workers' Compensation and Liability Claims Services

Won by Preferred Governmental Claim Solutions, Inc.$1.5MSingle Award
Contract source

Awarded vendors

  • Preferred Governmental Claim Solutions, Inc.

Description

The City of Fort Myers has awarded a contract to Preferred Governmental Claim Solutions, Inc. for Third Party Administrator services for Workers' Compensation and Liability Claims. The contract is for a term of 5 years, starting from September 24, 2024, and ending on July 25, 2025. The scope of work includes administration of workers' compensation and liability claims. Key points to consider include the contract's term, the vendor's experience in claims administration, and the city's requirements for claims handling. • The contract is for a term of 5 years, with options for renewal. • The vendor is responsible for administering workers' compensation and liability claims. • The city requires the vendor to have experience in claims administration and to provide timely and accurate reporting. • The contract includes provisions for contract renewal and termination.

Attached files

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

Key dates

Starts
9/24/2024
Ends
7/25/2025
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524292
Solicitation №
RFP 0053-24

Contract value

$1,500,000

The contract value is not explicitly stated in the document. However, based on the scope of work, which includes administration of workers' compensation and liability claims for a 5-year term, a rough estimate can be made. Assuming an average annual cost of $200,000 to $500,000 for similar services, the total contract value could be in the range of $1,000,000 to $2,500,000. This is a rough estimate and the actual value may vary depending on various factors such as the city's claims volume, vendor's expertise, and service level agreements.

AI estimate from the award documents

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