UNSPSC 84000000: Financial and Insurance Services

This segment includes services associated with finance, banking, investing and insurance. Included in this section are escrow services.

UNSPSC 84000000 Financial and Insurance Services is a Segment code covering the actual procurement activity state and local governments are conducting in financial advisory, auditing, banking, insurance, grants administration, and related specialized financial services. Recent opportunities show issuing bodies across multiple jurisdiction types—counties, cities, transit authorities, school districts, and special-purpose authorities—soliciting expertise in municipal finance, debt advisory, compliance auditing, healthcare benefits administration, and grant lifecycle support. Activity is geographically dispersed across Florida, California, Pennsylvania, Connecticut, Texas, Ohio, and New Mexico, with no single jurisdiction dominating the code. Representative recent opportunities include Hillsborough County Property Appraiser's RFI on Computer Assisted Mass Appraisal (CAMA) system platforms (response due November 6, 2026), Orange County Transportation Authority's RFP for grants administration consultant support at $250,000 over two years (proposals due March 5, 2026), Pinellas County's RFP for employee benefits concierge and health navigation services for 3,250 employees (proposals due March 5, 2026), and Sacramento County's RFQ for on-call financial consulting services supporting development impact fee programs and community facilities district analysis (proposals due October 8, 2026).

The code encompasses considerable variety in scope and dollar range. Financial auditing services dominate across school districts, municipalities, and special districts, with proposals requesting independent audits under generally accepted accounting standards and compliance reporting. Municipal advisory services for debt issuance, restructuring, and continuing disclosure appear regularly, as do specialized services such as cost allocation planning, user fee studies, banking relationships, stop-loss insurance procurement, and grant administration support spanning federal, state, and local programs. Issuing bodies include repeat buyers across multiple states—Orange County (California) and Tuolumne County (California) appear multiple times with distinct solicitations—alongside one-time procurements from smaller municipalities and transit authorities establishing qualified vendor lists for ongoing advisory work. Most contracts are awarded on a qualifications-and-cost basis using RFP or RFQ processes; many include multi-year terms with renewal options tied to performance and budget availability. Pricing structures vary widely: fixed fees for audits, hourly rates for consulting and advisory work, and usage-based arrangements for specialized services. Set-aside programs (MBE, WBE, DBE, SBE) are present in some jurisdictions but not universal; preference programs for local vendors or small businesses appear in select solicitations. Responses consistently require proof of insurance, professional licensing, relevant experience, and client references.