Insurance Broker and Risk Management Consulting Services
| Agency: |
Iowa State University |
| State: |
Iowa |
| Type of Contract: |
Awards |
| Type of Government: |
State & Local |
| Category: |
- R - Professional, Administrative and Management Support Services
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| Posted: |
Nov 20, 2023 |
| Solicitation No: |
RFQ-1000813 Addendum 1 |
| Publication URL: |
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Bid Information
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Type
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Request for Proposal (Public)
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Status
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Awarded
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Number
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RFQ-1000813 Addendum 1 (Insurance Broker and Risk Management Consulting Services)
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Issue Date & Time
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8/7/2023 11:00:02 AM (CT)
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Close Date & Time
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9/8/2023 03:00:00 PM (CT)
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Duration
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1 month 1 day
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Notes
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Iowa State University of Science and Technology (ISU) is soliciting information from qualified contractors to provide the goods and/or services described herein.
Contractors should read all materials carefully and note the due date.
Contractors must submit all questions in the "Questions" tab related to this bid opportunity.
Bid responses will ONLY be accepted online via ISUBid. Please allow adequate time to review and submit your response prior to the deadline.
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Contact Information
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Name
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Stacy Sassman
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Address
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1340 Administrative Services Building
2221 Wanda Daley Drive
Ames 50011-1004
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Phone
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(515) 294-9390
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Fax
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Email
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ssassman@iastate.edu
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Awarded Suppliers
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Supplier Name
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Award Line Count
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Award Amount
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Lockton
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1
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$1,036,430.00
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Bid Documents
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Document name
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Format
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Data pager
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Data pager
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Bid Invitation
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Acrobat
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PDF
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Public Question & Answer
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Acrobat
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PDF
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Bid Attachments
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File Name
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Description
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File Size
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Data pager
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4 items in 1 pages
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ISU Instructions.pdf
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Review the instructions for important information. REVISED APRIL 2022
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174 KB
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ISU General Terms & Conditions.pdf
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Review the general terms and conditions carefully and any exceptions should be listed in the "Attributes" section. REVISED APRIL 2022
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232 KB
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Insurance Requirements.docx
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Insurance Requirements
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28 KB
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23-24 ISU Policies for broker RFP.xlsx
(please login to view this document)
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ISU Policies currently in force.
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12 KB
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Bid Questions
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Question
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Is the servicing of the Museum's Fine Arts policies placed through Huntington T. Block to be considered within the scope of services for this contract?
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Answer
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No.
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Submitted
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8/16/2023 02:50:34 PM (CT)
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Question
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Section 13 - Risk Management Consulting and Related Services includes appraisals. Is ISU looking for a broker to include certified property appraisal services within their pricing, or simply have this service available?
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Answer
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We ask to have appraisal services available. Appraisal costs are not included in the broker fee.
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Submitted
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8/16/2023 01:43:18 PM (CT)
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Question
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With regards to Practice and Play Accident Insurance (NCAA and Intramural Sports) coverage, are you able to share a recent claim report?
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Answer
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Practice and Play Accident insurance is not procured through ISU Office of Risk Management and is not be part of this RFP.
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Submitted
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8/16/2023 01:36:57 PM (CT)
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Question
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With regards to Practice and Play Accident Insurance (NCAA and Intramural Sports) coverage, when was the last time ISU reviewed benchmarking of peer institutions?
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Answer
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Practice and Play Accident insurance is not procured through ISU Office of Risk Management and is not be part of this RFP.
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Submitted
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8/16/2023 01:36:25 PM (CT)
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Question
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With regards to Practice and Play Accident Insurance (NCAA and Intramural Sports) coverage, how often does ISU receive claims reporting for this line of coverage?
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Answer
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Practice and Play Accident insurance is not procured through ISU Office of Risk Management and is not be part of this RFP.
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Submitted
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8/16/2023 01:35:47 PM (CT)
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Question
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With regards to Practice and Play Accident Insurance (NCAA and Intramural Sports) coverage, what company manages the claims payments?
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Answer
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Practice and Play Accident insurance is not procured through ISU Office of Risk Management and is not be part of this RFP.
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Submitted
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8/16/2023 01:35:04 PM (CT)
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Question
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With regards to Practice and Play Accident Insurance (NCAA and Intramural Sports) coverage, who is the current broker for this line of coverage?
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Answer
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Practice and Play Accident insurance is not procured through ISU Office of Risk Management and is not be part of this RFP.
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Submitted
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8/16/2023 01:34:23 PM (CT)
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Question
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Can you provide a current property schedule?
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Answer
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For purposes of this RFP this information is not being shared at this time.
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Submitted
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8/16/2023 12:59:19 PM (CT)
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Question
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Is Cyber Liability included in the scope of services to be provided?
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Answer
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Cyber liability is not currently purchased by University. The University expects the awarded broker to provide information on cyber market upon request.
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Submitted
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8/16/2023 12:58:44 PM (CT)
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Question
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Is the selected broker expected to seek competitive alternatives for all coverages renewing after 1/1/24?
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Answer
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Unknown at this time; this will be a conversation with the broker that is awarded the contract to assist in making this decision.
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Submitted
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8/16/2023 12:58:28 PM (CT)
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