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Public Higher Education Bulletin

 
Illinois Public Higher Education Cooperative
RFP #InsureFY18R
Request for Proposal: Licensed Insurance Brokerage Services
Change Order
Published Monday May 13, 2019
Vendor: Marsh USA, Inc.
Change Order Amount: $1,500,000

When the solicitation was published and awarded, the data reflected the last completed Year, Calendar year 2016. Insurance coverage and associated premiums vary from year to year based on a number of factors including, level of insurance, environmental and governmental factors as well as the number of insured. This amendment more adequately reflects the level of anticipated spend.
The buyer for this procurement is now Aaron Carter, (217) 300-3545.
The State Purchasing Officer for this procurement is now Geno Marchizza.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Tuesday May 7, 2019
Awarded to:
Vendor: Marsh USA, Inc., Chicago, IL
Amount: An estimated $12,000,000
Terms:
An estimated start date of 7/1/2018 through 6/30/2021
Renewals:
3 two-year, then 1 one-year
Potential Future Renewals: $31,500,000
Number of Unsuccessful, Responsive Respondents: 4
Comments:
This award has been republished as the incorrect dollar amount was originally used for publication. The lead institution correctly evaluated the broker fee but neglected to publish the premium information that was published in the original solicitation. This updated award reflects the original amount noted in the rfp for premium expenditures. 20% BEP commitment to Paradigm Risk Management
This award corrects and replaces the award posted below on October 13, 2017.
The buyer for this procurement is now Aaron Carter, (217) 300-3545.
The State Purchasing Officer for this procurement is now Geno Marchizza.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Friday October 13, 2017
Awarded to:
Vendor: Marsh USA, Inc., Chicago, IL
Amount: An estimated $743,000
Terms:
An estimated start date of 7/1/2018 through 6/30/2021

This vendor has agreed to extend their offer to other state universities of Illinois.

Renewals:
3 two-year, then 1 one-year
Potential Future Renewals: $3,201,687.91
Number of Unsuccessful, Responsive Respondents: 4
Comments:
20% BEP commitment to Paradigm Risk Management
The State Purchasing Officer for this procurement is now Geno Marchizza.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Thursday, June 29, 2017
Sealed proposals will be accepted below until 11:00 AM, Tuesday July 25, 2017:
At the following address:
Purchasing Department
Building C, 4th Floor
5500 North St. Louis Avenue
Chicago, IL 60625-4699
Northeastern Illinois University, as Contract Administrator, on behalf of the Illinois Public Higher Education Cooperative ("IPHEC") requests proposals from licensed insurance brokerage firms ("Broker") or ("Vendor") that are qualified and have the capacity to handle the placement and servicing of insurance policies that transfer financial risk of loss from IPHEC member universities to commercial insurers.

For additional information, contact:
Rosalinda Castillo
Northeastern Illinois University
5500 North St. Louis Avenue
Chicago, IL 60625-4699
Phone: (773) 442-5301
FAX: (773) 442-5314
State Purchasing Officer - Geno Marchizza
Submit 2 copies of the response as defined in the specifications. The University reserves the right to accept or reject any and all responses or parts thereof. Illinois Department of Human Rights (IDHR) eligibility number is required on all proposals, if applicable. There is a BEP 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.

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To obtain documents, log on:
Specification Documents
  • Addendum_1_InsureFY18R.pdf (66 KB)
  • Addendum_2_InsureFY18R.pdf (153 KB)
  • RFP_InsureFY18R.pdf (1 MB)
  • RFP_InsureFY18R_Exhibit1_IPHECpolicysummary.pdf (209 KB)
Other Public Documents
  • INSUREFY18RChangeOrder.pdf (93 KB)
Public Opening Documents
  • InsureFY18RSubmittalTab.pdf (10 KB)