Illinois Public Higher Education Cooperative
Request for Proposal: Licensed Insurance Brokerage Services For Property
Vendor: Mesirow Insurance Services, Inc.
Change Order Amount: $0
This change order is being published to identify the insurance carrier for the terms of this award as required in the Higher Education Standard Procurement Rules, Ill. Adm. Code tit. 44, 4.2036, i) Broker Method for Obtaining Certain Insurance For the term July 1, 2022 through June 30, 2023, Alliant Property Insurance Program (APIP), was chosen for an estimated $11,990,098. This is a no-cost change order as the original award identified the estimated broker amounts of the award which does not include these carrier estimates. The broker fees remain unchanged.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Vendor: Mesirow Insurance Services, Inc.
Change Order Amount: $0
This change order is being published to identify the insurance carrier for the terms of this award as required in the Higher Education Standard Procurement Rules, Ill. Adm. Code tit. 44, � 4.2036, i) Broker Method for Obtaining Certain Insurance For the term July 1, 2021 through June 30, 2022, Alliant Property Insurance Program (APIP), was chosen for an estimated $10,200,000.00. This is a no-cost change order as the original award identified the estimated broker amounts of the award which does not include these carrier estimates. The broker fees remain unchanged.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Mesirow Insurance Services, Inc.Chicago, IL
- Amount: An estimated $2,000,000
- Terms: An estimated start date of 1/1/2021 through 12/31/2025
- Renewals: 1 five-year
-
Potential Future Renewals:
$2,000,000
- This vendor has agreed to extend their offer to other state universities of Illinois.
- CS Insurance Strategies, Inc. (subcontractor)
BEP [25% / $0]
- Denjer, LLC (subcontractor)
VBP [5% / $0]
Unsuccessful respondents (2)
Summary
Respondents
3 total
1 successful respondent
2 unsuccessful respondents
1 BEP vendors
0 VBP vendors
0 Small businesses
Buyer for this procurement: Kayci Puckett, (217) 244-9177
Chief procurement officer for this procurement: John Donato
State purchasing officer for this procurement: Geno Marchizza
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Addendum 3 allows for virtual attendance of the public opening. Attendance is optional and not required.
Addendum 2 addresses additional questions received.
This addendum addresses questions received and extends the question and answer period.
First published Wednesday, October 28, 2020
Sealed proposals will be accepted below until 1:00 PM, Thursday November 19, 2020:
At the following address:
Kayci Puckett
Illinois Public Higher Education Cooperative
1817 S. Neil Street
Suite 212
Champaign, IL 61820
via Electronic Bidding
IPHEC is seeking proposals from licensed insurance brokerage firms (Respondents) to provide servicing of property program insurance policies that transfer the financial risk of loss from IPHEC member universities to commercial insurers.
For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Kayci Puckett
Illini Union Book Store
807 S. Wright Street
Suite 340
Champaign, IL 61820
Phone: (217) 244-9177
Chief Procurement Officer - John Donato
State Purchasing Officer - Geno Marchizza
The University reserves the right to accept or reject any and all responses or parts thereof.
There is a 20 percent BEP goal for this procurement. See solicitation documentation for details.
There is a 3 percent Veteran-owned business goal for this procurement. See solicitation documentation for details.
The contract(s) for this solicitation could exceed $50,000 annually.
This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.
