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Awarded contract·Arkansas State University·Arkansas

Insurance

Won by PBM$750kSingle Award
Contract source

Awarded vendors

  • PBM

Description

This procurement represents a Systems Office Request for Quotation (RFQ) focused on the commodity “Insurance.” The solicitation was opened on May 4, 2023, and the contract was awarded to a single vendor identified only as “PBM.” No further details about the scope of work, contract value, or performance period are disclosed in the excerpt. The awarding agency is the procurement services office of a state entity (email domain astate.edu), which serves as the fiscal sponsor for the contract. • Commodity: Insurance services • Awarded to: PBM (single‑vendor award) • Opening date: 5 May 2023; award date not published • Contact: [email protected] for bid results

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
5/4/2023
Starts
5/4/2023

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
Systems Office RFQ

Contract value

$750,000

The document provides no monetary figure. An RFQ for insurance services issued by a state agency typically ranges from a few hundred thousand dollars to a low‑million‑dollar scope, depending on the breadth of coverage and administrative services required. Assuming the contract covers a moderate‑size state department’s insurance brokerage needs for a one‑year period, a reasonable ball‑park estimate would be roughly $500,000 to $1,000,000. For estimation purposes, I select the midpoint of $750,000, noting that actual value could be higher if the contract includes multiple insurance lines (e.g., property, casualty, health) or lower if it is limited to a single line of coverage.

AI estimate from the award documents

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