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  5. ›GROUP LIFE AND AD&D INSURANCE

Awarded contract·City of Coral Gables, Florida·Florida

GROUP LIFE AND AD&D INSURANCE

$2.5MSingle Award
Contract source

Description

The City of Coral Gables, Florida, issued a Request for Proposals (RFP) for Group Life and AD&D Insurance. The RFP was advertised on June 14, 2019, and proposals were due by July 22, 2019. The city received proposals from several insurance companies, but the exact vendor awarded the contract is not specified. The contract is for the provision of group life and accidental death and dismemberment (AD&D) insurance programs for the city. The pricing must be firm for 120 days. • The RFP was issued by the City of Coral Gables, Florida • The contract is for group life and AD&D insurance programs • Proposals were due by July 22, 2019 • The pricing must be firm for 120 days • The city received proposals from several insurance companies • The contract was awarded to one of the responding proposers, but the exact vendor is not specified

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
5241
Solicitation №
2019-022

Contract value

$2,500,000

The value of the contract is not explicitly stated in the provided text. However, based on the fact that the contract is for group life and AD&D insurance programs for the City of Coral Gables, Florida, it is likely that the value of the contract is in the hundreds of thousands or millions of dollars. The city has a population of around 50,000 people, and the cost of providing group life and AD&D insurance to city employees and their dependents could be substantial. Assuming an average annual premium of $500 to $1,000 per employee, the total value of the contract could be in the range of $250,000 to $1 million per year, depending on the number of employees and dependents covered. Over a period of several years, the total value of the contract could be in the range of $1 million to $5 million.

AI estimate from the award documents

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