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Illinois THA - Toll Highway Authority·Illinois

RFP Insurance Brokerage Consultant

Closes 5/30/2025$2.5M – $10MRequest for Proposal
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Description

The Tollway seeks a qualified insurance brokerage firm to advise on insurance needs and obtain the appropriate insurance coverages as needed for operations. The contract will be for an initial term of five years, with the option to renew for an additional five years. The selected firm will be responsible for providing insurance consulting services, including risk assessment, policy development, and claims management. The firm will also be required to provide a detailed technical proposal and pricing information. • The contract will be for a term of five years, with the option to renew for an additional five years. • The selected firm will be responsible for providing insurance consulting services, including risk assessment, policy development, and claims management. • The firm will also be required to provide a detailed technical proposal and pricing information. • The Tollway is seeking a firm with experience in providing insurance brokerage services to similar organizations. • The selected firm will be required to comply with all applicable laws and regulations, including those related to insurance and procurement.

Attached files

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

Contact

Cheryl Heinz(Information Contact)

[email protected]

(630)371-8302

Key dates

Opened
3/20/2025
Questions due
4/17/2025
Pre-bid meeting
4/10/2025
Closes
5/30/2025
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
24-557THA-FINAN-B-44972

Budget estimate

$2,500,000 – $10,000,000

Based on the scope of work, which includes providing insurance consulting services, including risk assessment, policy development, and claims management, the estimated budget for this contract could be in the range of $500,000 to $2 million per year, depending on the size and complexity of the Tollway's insurance needs. The total contract value over the five-year term could be in the range of $2.5 million to $10 million.

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