RFP-2463 – Statement of Award – Provide Insurance Brokerage Services

Francis Marion University awarded a three‑year contract to provide comprehensive insurance brokerage services to the university. The award was made to Arthur J. Gallagher Risk Management Services for a total fixed price of $37,089. Because only one bid was received, the university waived the typical notice‑to‑award procedures under South Carolina procurement code § 1135‑1520. The vendor may not commence work until a formal purchase order is issued. This contract represents a modest‑scale, fixed‑price engagement focused on managing the university’s insurance needs, including policy procurement, renewal, and advisory services. • Scope: Full insurance brokerage services (policy sourcing, renewal, risk advisory). • Value: $37,089 total over three years (≈ $12,363 per year). • Procurement: Single‑source award after only one response; award notice posted 10 Jan 2025.