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Awarded contract·City of Port St. Lucie·Florida

Third Party Insurance Claims Administration and Brokerage Services

Won by Relation Insurance Services of Florida$2.2MSingle Award
Contract source

Awarded vendors

  • Relation Insurance Services of Florida

Description

The City of Port St. Lucie has awarded a contract to Relation Insurance Services of Florida for Third Party Insurance Claims Administration and Brokerage Services. The contract has an initial term of 3 years, with two additional 3-year renewal options. The contract is valued at $2,240,000. The scope of work includes claims administration and brokerage services for the city. Key points to consider are the contract term, renewal options, and the scope of work. • Initial term: 3 years • Renewal options: 2 additional 3-year periods • Scope of work: claims administration and brokerage services • Contract value: $2,240,000

Attached files

Key dates

Starts
1/1/2023
Ends
12/31/2025Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
20220042

Contract value

$2,240,000

The contract value is explicitly stated as $2,240,000. This value is likely based on the scope of work, which includes claims administration and brokerage services for the city. The value may be influenced by factors such as the number of claims to be administered, the complexity of the claims, and the level of service required.

AI estimate from the award documents

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