Bid Banana
PricingBid helpAPILog inStart free trial
Log inStart free trial

Learn more

  • Washington guideWashington Bids and Bidding Guide
  • Before you submitBid Response: 3 Common Mistakes When Submitting an RFP
More insurance bids →Must-win bid? Bring in The Bid Lab →
Bid Banana
SearchPricingBid helpBrowse bidsAPISupportFAQPrivacy PolicyTerms of UseAI Use Policy

This website and its content is copyright of The Bid Lab © 2026. The Bid Lab is a trademark of Bid Lab, LLC. All rights reserved.

  1. Bid Banana
  2. ›Closed bids
  3. ›Washington
  4. ›Insurance
  5. ›Risk Management Insurance Brokerage Services

Awarded contract·City of Spokane·Washington

Risk Management Insurance Brokerage Services

Won by Arthur J. Gallagher Risk Management Services, LLC$1.5MAwarded 6/22/2025Single Award
Contract source

Awarded vendors

  • Arthur J. Gallagher Risk Management Services, LLC

Description

The City of Spokane is procuring a professional services firm to act as its risk‑management insurance broker for a five‑year period. The broker will manage all existing and new insurance programs (workers’ compensation, general liability, property, cyber, terrorism, etc.), conduct market analysis, obtain competitive quotes, negotiate terms, provide claims support, and deliver loss‑control consulting and training. The award is being made to Arthur J. Gallagher Risk Management Services, LLC after a competitive RFP process that received five proposals. The contract’s value is not disclosed, but the city’s total insurance premium schedule for 2025‑2026 totals roughly $3.77 million, and the broker’s compensation will be a fee‑plus‑commission structure. • Scope includes full brokerage, risk‑financing alternatives, policy negotiation, claims handling, and training. • Contract length: 5 years, renewable by mutual agreement. • Awarded vendor: Arthur J. Gallagher Risk Management Services, LLC (single‑award). • No set‑aside requirements; open competition. • Payment will be via ACH after invoicing; the city retains the right to withhold disputed amounts.

Attached files

Key dates

Bids closed
3/3/2025
Intent to award
6/22/2025
Awarded
6/22/2025
Contract modified
4/22/2025
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
RFP 6325-25

Contract value

$1,500,000

The only monetary figure disclosed in the documentation is the aggregate insurance premium schedule for the 2025‑2026 period, which totals about **$3,766,955**. Brokerage fees for municipal risk‑management programs typically range from **5 % to 10 %** of the premium, plus any commissions earned from insurers. Applying a mid‑range 7 % fee to the $3.77 M premium yields an estimated broker fee of roughly **$264,000** per year, or about **$1.3 M** over a five‑year term. Adding a modest commission component (≈ 2 % of premiums) brings the total annual compensation to roughly **$300,000**, equating to **$1.5 M** for the full contract. Therefore a reasonable ballpark for the overall contract value (brokerage services only) is **$1.5 million**. This estimate assumes no major changes in premium levels, standard market conditions, and that the City does not require additional consulting services beyond the core brokerage scope.

AI estimate from the award documents

Similar open opportunities

Matched by Bid Banana AI™

Port of Portland·Oregon

Top match · 79%

Insurance Brokerage and Risk Management Consulting Services

Closes 1/15/2027Opened 10/30/2026

University of Minnesota·Minnesota

79% match

Insurance Brokerage Services

Closes 11/12/2026Opened 10/15/2026

University of Minnesota·Minnesota

79% match

Insurance Brokerage Services

Closes 11/12/2026Opened 10/15/2026

Four Rivers Sanitation Authority·Illinois

75% match

Insurance Brokerage Services

Closes 11/30/2026Opened 10/20/2026

LA County Chief Executive Office·California

74% match

Risk Management and Insurance Consulting Services

Closes 12/31/2026Opened 6/22/2016

Connecticut Town of Glastonbury·Connecticut

74% match

Insurance Broker Services

Closes 11/17/2026Opened 10/29/2026

South Jersey Ports·New Jersey

73% match

General Health & Insurance Broker – Professional Services

Closes 11/17/2026Opened 10/9/2026

South Huntington School District·New York

73% match

RFP #27-03R Insurance Broker Services

Rolling / TBD closeOpened 2/28/2026

City of Mount Vernon, NY·New York

73% match

REQUEST FOR PROPOSALS INSURANCE BROKERAGE AND RELATED SERVICES

Closes 11/13/2026Opened 9/28/2026

Hampton Roads Sanitation District·Virginia

73% match

408381 - Insurance Broker Services

Closes 11/18/2026Opened 10/16/2026

City of Lawrenceville·Georgia

73% match

Insurance Policies

Closes 12/1/2026Opened 10/15/2026

METRO Regional Transit Authority·Ohio

71% match

Medical Insurance Broker

Closes 12/3/2026Opened 10/22/2026

Harmony Public Schools·Texas

71% match

INSURANCE BROKER OF RECORD

Closes 11/13/2026Opened 10/15/2026

North Carolina Gaston County·North Carolina

71% match

RFP# 2027-0021 - Insurance Broker Services

Closes 12/14/2026Opened 10/26/2026

Georgia City of Lawrenceville·Georgia

71% match

RP004-27 Insurance Policies

Closes 12/1/2026Opened 10/15/2026

Southern California Regional Rail Authority·California

71% match

Insurance Brokerage & Benefit Consulting Services

Closes 11/4/2026Opened 9/30/2026

Township of North Brunswick·New Jersey

70% match

Risk Management

Closes 11/13/2026Opened 10/21/2026

Florida Citizens Property Insurance Corporation·Florida

70% match

Reinsurance Brokerage and Advisory Services

Closes 11/12/2026Opened 10/14/2026

Los Angeles County·California

70% match

CEO-RFSQ-RISK-25-01 - Request for Statement of Qualifications for Insurance Brokers Program - Closing: Continuous

Closes 3/11/2027Opened 3/11/2025

City of Terre Haute·Indiana

69% match

Property and Casualty Insurance 2026 RFP

Rolling / TBD closeOpened 10/16/2026

United States International Development Finance Corporation·District of Columbia

69% match

Brokerage Account Services

Closes 7/30/2027Opened 7/29/2025

Cherry Hill Township·New Jersey

69% match

2027 Prof Services- Risk Manager Consultant

Closes 11/6/2026Opened 10/6/2026

Massachusetts Division of Capital Asset Management and Maintenance·Massachusetts

69% match

DCP2016 AD1 INSURANCE ADVISORY SERVICES

Closes 6/30/2027Opened 12/18/2020

League of Minnesota Cities·Minnesota

68% match

INSURANCE SERVICES

Closes 12/31/2028Opened 7/8/2025

South Orange Maplewood School District·New Jersey

68% match

RFQ #2027-01 - BROKER OF RECORD PROP CASUALTY SERVICES -NOTICE

Rolling / TBD closeOpened 10/3/2026