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Awarded contract·The Citadel·South Carolina

Insurance Broker

$250kSingle Award
Contract source

Description

The Citadel is seeking a broker to provide a multi-year term contract for insurance services. The contract has an initial period of one year with four optional one-year extensions. The broker will be responsible for making recommendations for insurance companies to provide various insurance requirements for The Citadel. The contract was awarded through a competitive bidding process, with the bid award date changed from August 24, 2018, to September 20, 2018. • The contract is for a multi-year term • The initial contract period is one year with four optional one-year extensions • The broker will provide recommendations for insurance companies • The contract was awarded through a competitive bidding process • The bid award date was changed from August 24, 2018, to September 20, 2018

Attached files

Key dates

Duration
1 year, with potential for 4 additional years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
RFP3160-JD-07/19/2018

Contract value

$250,000

The value of the contract is not explicitly stated in the document. However, considering the scope of work, which includes providing insurance brokerage services for a multi-year term, the contract value could be substantial. The exact value would depend on various factors such as the type and amount of insurance coverage required, the number of employees or assets to be insured, and the premium rates. A rough estimate for a contract of this nature could be in the range of $100,000 to $500,000 per year, depending on the specifics of the insurance requirements and the terms of the contract.

AI estimate from the award documents

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