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Awarded contract·City of Redwood City·California

City of Redwood City Third Party Administrator

Won by York Risk Services Group$3MSingle Award
Contract source

Awarded vendors

  • York Risk Services Group

Description

The City of Redwood City is seeking a Third Party Administrator (TPA) to provide services for their self-insured workers' compensation program. The TPA will be responsible for delivering objective and measurable results, reducing the cost and duration of workers' compensation claims, and providing claims processing in a timely and professional manner. The contract term is for three years, with the option to extend for up to two additional years. The City intends to award the contract to York Risk Services Group. Key aspects of the contract include: • Third Party Administration services for workers' compensation program • Self-insured program • Objective and measurable results • Reduction of cost and duration of claims • Timely and professional claims processing • Strong communications with injured workers and the City • Option to extend contract term for up to two additional years

Attached files

Key dates

Starts
7/1/2015
Ends
6/1/2018Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524110
Solicitation №
39853

Contract value

$3,000,000

The value of the contract is not explicitly stated in the documents. However, based on the scope of work and the fact that it is a three-year contract with the option to extend for up to two additional years, it is likely that the contract value is in the range of $500,000 to $2 million per year, depending on the number of claims and the level of service required. Therefore, the total contract value could be in the range of $1.5 million to $6 million over the five-year period.

AI estimate from the award documents

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