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Awarded contract·City of Olathe·Kansas

Vision Plan Administration

Won by Surency Vision$1.1MSingle Award
Contract source

Awarded vendors

  • Surency Vision

Description

The City of Olathe issued a Request for Proposals (RFP) for fully insured vision insurance, and after evaluating the proposals, Surency Vision was recommended for a 3-year contract with an option for a 2-year renewal. The contract has a 5-year rate guarantee, which is 7% less than the current rates. The annual cost is $358,050, resulting in a savings of $26,962 per year. The scope of work includes providing vision insurance for the City of Olathe benefit plan. Key features of the plan include a comprehensive benefit plan with a robust vision provider network and the least disruption for coverage. • The contract has a 3-year term with an option for a 2-year renewal • The annual cost is $358,050, resulting in a savings of $26,962 per year • The plan includes a comprehensive benefit plan with a robust vision provider network • The contract has a 5-year rate guarantee, which is 7% less than the current rates

Attached files

Key dates

Starts
1/1/2020
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524110
Solicitation №
19-0137

Contract value

$1,074,150

The contract value can be estimated based on the annual cost of $358,050. Since the contract has a 3-year term with an option for a 2-year renewal, the total contract value can be estimated as follows: $358,050 (annual cost) x 3 (years) = $1,074,150 (total contract value for 3 years) If the option for a 2-year renewal is exercised, the total contract value would be: $1,074,150 (total contract value for 3 years) + $358,050 (annual cost) x 2 (years) = $1,790,250 (total contract value for 5 years) Therefore, the estimated total contract value is between $1,074,150 and $1,790,250.

AI estimate from the award documents

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