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  5. ›PROPERTY AND CASUALTY CLAIMS ADJUSTERS

South Carolina Materials Mgmt Ofc·South Carolina

PROPERTY AND CASUALTY CLAIMS ADJUSTERS

Closes 9/24/2026$500k – $2MInvitation for Bid
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Description

The State Fiscal Accountability Authority (SFAA) of South Carolina is establishing a Qualified Provider List (QPL) of licensed adjusters to provide property and casualty claims adjusting services for the State Insurance Reserve Fund on an as‑needed, fixed‑price basis. Adjusters will be assigned individual claim files, conduct investigations, prepare estimates, negotiate settlements, and submit required status reports. The contract is a one‑year base term with up to four one‑year renewal options, and rates are capped (e.g., $85 per hour for adjuster time). • Scope: Perform property and/or casualty claim investigations, documentation, and settlement negotiation for state‑funded insurance claims. • Requirements: South Carolina adjuster license, use of approved estimating software (for property), insurance coverage (CGL $1 M per occurrence, etc.), and compliance with reporting timelines. • Compensation: Fixed unit rates (e.g., $85/hr, $60 per file, 20% secretarial fee up to $225/file) with reimbursement for documented expenses. • Contract length: 1‑year base, renewable up to a total of 5 years; no guaranteed minimum volume. • Submission: Online via the SC procurement portal (SCEIS) by 01/24/2023 11:00 AM; pre‑bid conference optional on 12/01/2022.

Attached files

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

Contact

Ashley Kennedy‑Shell(Procurement Manager)

[email protected]

(803) 737-9931

Key dates

Opened
11/1/2022
Questions due
12/2/2022
Pre-bid meeting
12/1/2022
Closes
9/24/2026
Projected award
2/24/2023
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Insurance
NAICS
524291
Solicitation №
5400023720

Budget estimate

$500,000 – $2,000,000

No total contract ceiling is disclosed, but the maximum hourly rate is $85 and the contract could span up to five years with an unknown volume of claim files. Assuming an average adjuster works 1,200 billable hours per year (≈ $102,000) and the State engages 5 to 20 adjusters over the contract life, annual spend could range from $500,000 to $2,000,000. Hence the estimated budget for a single qualified adjuster firm might fall between half a million and two million dollars over the full contract term.

AI estimate from the solicitation

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