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  5. ›3rd Party Claims Processing: General Liability Claims

Awarded contract·Multnomah County Risk Management/Finance Division·Oregon

3rd Party Claims Processing: General Liability Claims

$2MSingle Award
Contract source

Description

The Multnomah County Risk Management/Finance Division is seeking a contractor to provide claims administration and adjudication services for its liability programs. The contractor will be responsible for investigating claims, adjusting claims, and providing administrative support to the County. The contract will be for five years with a one-time option to renew for an additional five years. The contractor must have experience in claims administration and adjudication, and must be able to work closely with the County's Risk Management staff. • The contractor will be responsible for investigating and adjusting claims, including general liability and auto liability claims. • The contractor will be required to provide administrative support to the County, including maintaining claims records and providing reports. • The contractor must have experience in claims administration and adjudication, and must be able to work closely with the County's Risk Management staff. • The contract will be for five years with a one-time option to renew for an additional five years. • The County is seeking a contractor that can provide high-quality claims administration and adjudication services, and that can work closely with the County's Risk Management staff to meet the County's service standards.

Attached files

Key dates

Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
5241
Solicitation №
RFP-5-2023

Contract value

$2,000,000

The contract text does not provide a specific dollar amount for the contract value. However, based on the scope of work and the fact that the contract is for five years with an option to renew for an additional five years, it is likely that the contract value is significant. The contract text mentions that the County has averaged 136 claims per year over the past five years, and that the contractor will be responsible for investigating and adjusting claims, including general liability and auto liability claims. Assuming an average claim cost of $10,000 to $50,000 per claim, the total contract value could be in the range of $6.8 million to $34 million over the five-year contract period, depending on the actual number of claims and the cost per claim.

AI estimate from the award documents

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