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Awarded contract·Stephen F. Austin State University·Texas

ATH-INSURE-FY17

Won by EbenConcepts$60kSingle Award
Contract source

Awarded vendors

  • EbenConcepts

Description

Stephen F. Austin State University solicited competitive proposals to provide athletic excess insurance coverage for the 2017‑2018 university athletic season. After a formal evaluation, EbenConcepts was awarded the contract to deliver the required insurance program, which includes excess coverage, claims management, reporting, risk‑management services, and optional plan designs. The contract runs from August 1 2017 to August 1 2018, with the possibility of up to four additional one‑year extensions. Historical premiums for the program have averaged around $35,000 with administrative fees of $25,000, indicating a modest‑sized insurance procurement. • Scope: Provide excess insurance, claims administration, web‑based reporting, and risk‑management services for all intercollegiate student‑athletes and related personnel. • Evaluation: Six weighted criteria (premiums/cost, claims record, insurer qualifications, reporting, coverage limits, added value) totaling 100 %. • Vendor: EbenConcepts (sole awardee). • Timeline: RFP issued April 25 2017, proposal deadline May 25 2017, public opening May 26 2017, award June 2017. • Contract term: 1 year (Aug 1 2017‑Aug 1 2018) with up to four optional 1‑year renewals.

Attached files

Key dates

Bids closed
5/25/2017
Starts
8/1/2017
Ends
8/1/2018Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524113
Solicitation №
P2100240

Contract value

$60,000

The solicitation lists historical premiums for the athletic excess insurance program ranging from $29,500 to $35,000 per year, plus administrative fees of $18,500‑$25,000. Assuming the awarded vendor will charge a premium near the highest historical level ($35,000) plus an administrative fee near the top end ($25,000), the total annual cost is roughly $60,000. Because the contract term is one year, the base contract value is estimated at about $60,000. Optional extensions could increase the cumulative value, but the base award is approximated at $60k.

AI estimate from the award documents

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