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  5. ›RQ9575 RFP - Insurance Brokerage

Awarded contract·Cuyahoga County·Ohio

RQ9575 RFP - Insurance Brokerage

Won by Hylant Group, Inc.$2.7MSingle Award
Contract source

Awarded vendors

  • Hylant Group, Inc.

Description

The County of Cuyahoga awarded a multi‑year insurance brokerage and risk‑management consulting contract to Hylant Group, Inc. The agreement covers placement, renewal, and administration of the County’s property & casualty, cyber, directors & officers, and other insurance programs, as well as consulting services such as loss‑control assessments and bond‑waiver assistance. The original contract began 1 Jan 2020, was extended by a formal amendment to 31 Dec 2022, and includes a “not‑to‑exceed” ceiling that grew by $2.57 M for the renewal year. The procurement was conducted via a formal RFP (RFP #9575) with a bid deadline of 17 Jun 2022; the award was a single‑source to Hylant, the incumbent broker. The contract provides for up to three one‑year renewal options, two of which remain unused. • Scope: insurance brokerage (policy placement, renewal, claims assistance) and risk‑management consulting. • Term: 1 Jan 2020 – 31 Dec 2022 (3 years) with two optional 1‑year extensions. • Value: base award $90 K plus a $2.57 M renewal ceiling, total roughly $2.66 M. • Procurement method: formal open competition RFP; award to incumbent. • Set‑aside: small‑business program participation required for qualifying bidders.

Attached files

Key dates

Bids closed
6/24/2022
Contract modified
6/17/2022
Starts
1/1/2020
Ends
12/31/2022Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
3014

Set-asides

Small Business, Partial Set-Aside

Contract value

$2,660,000

The award line in the supplier portal shows a $90,000 base award, but the executed amendment for the renewal year adds a “not‑to‑exceed” increase of $2,571,470. Assuming the $90 K reflects the original three‑year ceiling and the $2.57 M applies to the first renewal year, the total contractual exposure across the full term (original term + first renewal) is about $2.66 M. No other monetary figures (e.g., premiums, fees) are disclosed, so a reasonable ball‑park for the entire contract value is roughly $2.7 million.

AI estimate from the award documents

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