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  5. ›BA-2026-OA-017-IN Bridge Property and Loss of Revenue…

Bridge Authority, NYS·New York

BA-2026-OA-017-IN Bridge Property and Loss of Revenue Insurance

Closes 12/7/2026$1M – $5MRequest for ProposalLogin required
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Description

The New York State Bridge Authority is seeking proposals for Bridge Property and Loss of Revenue Insurance (Inland Marine specialized property) for the Bridge System. The system consists primarily of five tolled vehicular Hudson River crossings. The overall system consists of seven long span bridges in addition to approach spans and related infrastructure. Coverage and related specifications are included with the RFP. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: Brown and Brown, formerly Risk Strategies Inc. is the incumbent vendor

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Brian Bushek(Primary Contact)

[email protected]

(845) 691-7245

Key dates

Opened
10/16/2026
Closes
12/7/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524126
Solicitation №
BA-2026-OA-017-IN

Budget estimate

$1,000,000 – $5,000,000

Based on the size and critical nature of the bridge system (seven major bridges, multiple toll revenues, and extensive infrastructure), the annual premium for comprehensive inland‑marine property and loss‑of‑revenue coverage is likely in the low‑to‑mid‑million‑dollar range. Assuming a base year premium of roughly $1 million to $2 million and accounting for extensions and inflation, the total contract value over the three‑year base term could range from $3 million to $6 million, with a possible maximum of $10 million if both extensions are exercised and risk exposure increases. Factors influencing the final amount include the insured value of the bridges, historical loss data, deductible selections, and any additional endorsements required.

AI estimate from the solicitation

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