Life and Disability Plans

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Title:  

Life and Disability Plans

Agency:  

Texas City of Waco

State:  

Texas

NAICS Code:  

524298

Industry:  

Insurance

Solicitation Type:  

Request for Proposal

Solicitation ID:  

RFP2025-015

Open Date:  

2/24/2025

Questions Due Date:  

3/13/2025

Close Date:  

4/3/2025

Last Updated:  

4/3/2025

Description:
The City of Waco is seeking a qualified provider to administer Life and Disability plans for its employees and eligible dependents. The selected provider will ensure quality benefits, excellent service, affordability, and alignment with the City’s values. The key requirements for this proposal include providing life and disability insurance plans, ensuring quality benefits, and excellent service. The City is looking for a provider that can offer affordable and aligned plans with the City's values. Some key points to consider are: • The City of Waco is transitioning to Electronic Bidding, Proposals, and Qualification submissions through the Bonfire database system. • Vendors are asked to register with Bonfire to access and respond to bids and services requests from the City. • The City is committed to providing fair and equal opportunities for all vendors, especially those who face disadvantages in bidding and providing services to the City. • The City collects and reports data on the MWBE status of vendors to the federal government as part of this effort.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Melanie Wade(Purchasing Agent)

melaniew@wacotx.gov

(254) 750-8098

Budget Estimate (AI):

$500,000 – $2,000,000

The budget for this opportunity is difficult to estimate without more specific information about the number of employees and dependents, the scope of the plans, and the City's budget for this project. However, considering the City's commitment to providing fair and equal opportunities and its focus on quality benefits and excellent service, it's possible that the budget could range from $500,000 to $2 million per year, depending on the provider's fees, the number of participants, and the scope of the plans. Factors that may influence the likely payment range include the provider's experience, reputation, and ability to offer competitive rates, as well as the City's budget constraints and priorities.

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