2026-ROM-IFA - Alliant Insurance Brokerage Services - Liability
Active Release Competitive Sealed Bidding Illinois Awarded
- Contract number
- 26-416CMS-BOSS4-P-92823 Release 1
- Awardee
- Alliant Insurance Services, Inc.
- Contracting organization
- IFA560 - Illinois Finance Authority
- Contract amount
- $300,000
Award facts
- Completion date
- UNSPSC code
Award details come from bidbuy.illinois.gov. Updated .
About this award
The Illinois Finance Authority has awarded a one-year competitive sealed bidding contract to Alliant Insurance Services, Inc. (Vendor ID V00043721) for insurance brokerage services, effective July 1, 2026 through June 30, 2027. The contract carries a total value of $300,000 and encompasses professional insurance advisory and brokerage support services delivered directly to user agencies within the State of Illinois.
The contract deliverables consist of two primary service components: insurance brokerage service fees calculated at $70 per $1,000 of premiums charged per policy across 305 policies, and comprehensive administrative support including fee tracking, benefits administration, premium management, and documentation services valued at $278,626.20. Alliant Insurance Services will work directly with state user agencies to evaluate insurance coverage options, facilitate policy procurement, and provide related administrative and advisory services throughout the contract period.
Line items
| Item | Total |
|---|---|
| Insurance Brokerage: service fee charged to the User Agency for each $1,000 paid in premiums per policy. Vendor works directly with User Agencies in the evaluation and provision of insurance coverage and related services. | $21,350.00 |
| Insurance Brokerage: include any fees, benefits, premiums from the Statement of Work or invoices for tracking purposes. User Agencies should attach for type of insurance, amount, etc. | $278,626.20 |
Quick answers
Who was awarded contract 26-416CMS-BOSS4-P-92823?
Contract 26-416CMS-BOSS4-P-92823 was awarded to Alliant Insurance Services, Inc. by IFA560 - Illinois Finance Authority on July 1, 2026.
How much is contract 26-416CMS-BOSS4-P-92823 worth?
Its contract amount is $300,000.
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