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Awarded contract·Iowa Department of Administrative Services·Iowa

Insurance Consultant Services

Won by Holmes Murphy$3MSingle Award
Contract source

Awarded vendors

  • Holmes Murphy

Description

This contract is for insurance consultant services, including property casualty insurance, auto or special vehicle insurance, builder's risk insurance, and employee dishonesty insurance. The contract has an initial term of 2 years with the option to renew for up to 4 additional one-year terms. The successful vendor will be required to provide a detailed quarterly report and pay a 1% administrative fee on all sales made under the contract. • The contract is for insurance consultant services • The initial term is 2 years with the option to renew for up to 4 additional one-year terms • The successful vendor will be required to provide a detailed quarterly report • The successful vendor will be required to pay a 1% administrative fee on all sales made under the contract • The contract includes property casualty insurance, auto or special vehicle insurance, builder's risk insurance, and employee dishonesty insurance

Attached files

Key dates

Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
005-RFP-0544-2024

Contract value

$3,000,000

The contract value is not explicitly stated, but based on the scope of work and the fact that the contract includes a 1% administrative fee, it is likely to be a significant amount. The total points awarded to the successful vendor, Holmes Murphy, was 621.4285714285714, with a technical proposal score of 435 and a cost proposal score of 186.42857142857144. This suggests that the contract value could be in the range of hundreds of thousands to millions of dollars. A rough estimate could be around $1 million to $5 million per year, depending on the scope of work and the number of services provided.

AI estimate from the award documents

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