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