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  5. ›LIABILITY INSURANCE BROKERAGE SERVICES

Awarded contract·Jacksonville Port Authority·Florida

LIABILITY INSURANCE BROKERAGE SERVICES

$250kSingle Award
Contract source

Description

The Jacksonville Port Authority is seeking a qualified insurance brokerage firm to serve as the Broker of Record for its suite of liability coverages—including commercial marine, security guard, railroad track owner, and automobile insurance. The broker will provide program administration, risk‑management consulting, rate and benefit negotiations, claims review, and periodic reporting over an initial one‑year period, with the possibility of up to four additional one‑year renewals at the Authority’s discretion. The award will be based on a fixed‑fee proposal, and proposers must demonstrate at least five years of marine liability brokerage experience and be licensed in Florida. All submissions must be uploaded as PDFs through the E‑Builder portal, and a mandatory pre‑proposal Zoom conference was held on May 2 2024. • Scope: Full‑service liability‑insurance brokerage for multiple coverages. • Evaluation: 100‑point matrix weighted heavily toward qualifications (50 points) and price (15 points). • Term: 1‑year base with up to four optional one‑year extensions.

Attached files

Key dates

Questions due
5/8/2024
Pre-bid meeting
5/2/2024Mandatory
Bids closed
6/3/2024
Contract modified
8/9/2024
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Solicitation
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
RFP 24-02

Contract value

$250,000

No explicit dollar amount is provided. Typical broker‑of‑record fees for a midsize port authority range from $150,000 to $300,000 annually, depending on the scope of coverages and claim volume. Considering Jacksonville’s size and the multiple liability programs listed, a reasonable midpoint estimate would be roughly $250,000 for the initial one‑year term. This estimate assumes a fixed monthly retainer of about $20,800 (≈ $250,000/12) plus standard administrative costs.

AI estimate from the award documents

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