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Awarded contract·Alaska Energy Authority·Alaska

Insurance and Risk Management Services for Bradley Lake Hydro Project and Alaska Intertie

$1MSingle Award
Contract source

Description

This solicitation seeks a qualified insurance brokerage to provide multi‑year insurance and risk‑management services for the Alaska Energy Authority’s Bradley Lake hydroelectric facility and the Alaska Intertie transmission line. The contractor will market, procure, and administer property, boiler‑and‑machinery, and liability insurance, handle claims, and deliver optional risk‑management and loss‑prevention consulting. The contract includes a fixed‑price annual broker fee, commission percentages for wholesale coverages, and hourly rates for specialized staff. The initial performance period runs from July 1 2016 to June 30 2018, with up to four one‑year renewal options. The solicitation is open competition and encourages Alaska‑based firms, offering a 10 % evaluation preference for Alaska bidders. • Scope: Insurance brokerage (property, boiler‑and‑machinery, liability) plus optional risk‑management & loss‑prevention services. • Performance: July 2016 – June 2018, with renewal options. • Evaluation: Technical (45 %), Cost (40 %), Alaska preference (10 %). • Requirements: Minimum 10 years brokerage experience, valid Alaska insurance license, four sealed proposal copies.

Attached files

Key dates

Bids closed
12/9/2015
Contract modified
12/3/2015
Starts
7/1/2016
Ends
6/30/2018Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
RFP 16059 / SOA # 2016‑0800‑3289

Contract value

$1,000,000

The RFP estimates annual insurance premiums of $458,000 for property and $45,000 for boiler‑and‑machinery at Bradley Lake, plus $9,000–$13,000 for Intertie liability coverage. Adding broker fees (estimated 5‑10 % of premiums) and optional services, the total annual cost is roughly $500,000–$650,000. Over the two‑year base period this yields an approximate contract value of $1.0 million to $1.3 million. Considering potential renewals and contingency allowances, a conservative ball‑park estimate is $1,000,000.

AI estimate from the award documents

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