This contract is for Directors' and Officers' and Employment Practices Liability insurance for Coastal Carolina University and Horry County Higher Education Commission. The contract was awarded to Keenan & Suggs, Inc. for a total potential value of $195,000.00. The initial contract period is from July 1, 2016 to July 1, 2017, with a maximum contract period of three years. The contract includes insurance policy coverage for the university and its employees. Some key points to consider when evaluating this contract include the type of insurance coverage, the contract duration, and the total potential value.
• The contract is for a specific type of insurance coverage, which may be relevant to other organizations with similar needs.
• The contract duration is for three years, which may be a typical length for this type of contract.
• The total potential value of the contract is $195,000.00, which may be a significant expense for the university.
• The contract includes a notice of intent to award, which provides information about the award process and the successful vendor.
• The contract also includes a protest procedure, which outlines the steps that can be taken by aggrieved parties.