26-1202_NOA_Property Insurance NOA_03202026_Final_Signed.pdf
PDF 1 MB Posted
- Attached to
- GENERAL NOTICE: Property Insurance 26-27
- Solicitation number
- 26-557THA-FINAN-B-51613
- Issued by
- Illinois
About this file
This is a Notice of Award form issued by the State of Illinois Chief Procurement Office for General Services on behalf of the Illinois State Toll Highway Authority (ISTHA) for a Property Insurance contract. The ISTHA awarded contract number 26-1202 to Aon Risk Services Central, Inc., contingent upon approval from the Tollway's Board of Directors at the April 2026 Board meeting. The property insurance coverage is designed to protect the Tollway through financial risk transfer for repair costs resulting from damage to agency assets and facilities. Covered assets include road bridges, retaining walls, communication towers, toll collection facilities, and road maintenance facilities, with an estimated total asset value exceeding $4 billion. The initial contract term runs for one year from April 1, 2026 through March 31, 2027. The ISTHA utilized its Master Blanket Purchase Order 24-557THA-FINAN-P-88861 with Aon Risk Services Central, Inc. for insurance brokerage services to obtain quotes for this coverage, which is required under the specifications of the Amended and Restated Bond Trust Indenture of the Tollway.
The total award amount is $2,111,853.72 for the one-year initial term, with no renewal terms currently listed. The contract was procured through an Invitation for Bid process and awarded to the lowest priced responsive and responsible bidder. No Business Enterprise Program or Veterans Business Program utilization is required under this award. The agency contact for this contract is Cheryl Heinz, located at the ISTHA office in Downers Grove, Illinois, reachable at 630-371-8302 or cheinz@getipass.com. The Notice of Award was signed on March 20, 2026.
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Text version
Notice of Award Form
State of Illinois Chief Procurement Office for General Services Notice of Award v.25.1
Agency and Awarded Vendor Information
Description: Property Insurance 26-27
Bid Number: 26-557THA-FINAN-B-51613 Agency: ISTHA
Vendor Selected for Award: Aon Risk Services Central, Inc.
Line Item Description:
The Illinois State Toll Highway Authority (ISTHA) is giving notice of intent to award contract number #26-1202 to Aon Risk Services Central, Inc. This award is contingent upon approval from the Tollway’s Board of Directors at the April 2026 Board meeting.
The Illinois Tollway utilized The Illinois Tollway Master Blanket Purchase Order 24-557THA-FINAN- P-88861, with the insurance broker, Aon Risk Services Central, Inc. for Insurance Brokerage Services to obtain quotes for the Property Insurance 26-27, which is a type of coverage designed to protect the Tollway that will result in a financial transfer of the risk of the cost to repair damages to agency assets and facilities in the event of a loss. Covered assets include but are not limited to road bridges, retaining walls, communication towers, toll collection facilities and road maintenance facilities. The estimated value of all assets to be included in the insurance program are in excess of $4 Billion. Specifications of the Amended and Restate Bond Trust Indenture of the Tollway requires the Agency maintain multi risk property insurance for the facilities of toll road system which are of an insurable nature.
Initial contract term: One (1) year (04/01/2026 - 03/31/2027). In an amount not to exceed $2,111,853.72
Total Award Amount $2,111,853.72 Number of unsuccessful bidders/offerors
Terms (Add Renewal Terms as appropriate) Length Value
Initial Term one year $2,111,853.72
Delete Renewal Term Add Renewal Term 1,2,3
Farm Leases and Concessions
Value to the State: N/A Estimated Financial Return to the State for the Life of the Contract (Includes Renewals)
Value to the Vendor: N/A Estimated Gross Revenue to the Vendor for the Life of the Contract (Includes Renewals)
Business Enterprise Program/Veterans Business Program Awarded bidder/offeror BEP/VBP Utilization Plan Goals 30 ILCS 575/7 (6)
% of VBP Per Utilization Plan:
0 % of BEP Per Utilization Plan:
State of Illinois Chief Procurement Office for General Services Notice of Award v.25.1
List each bidder or offeror's name
Total bid amount
The name(s) of the certified BEP vendor(s) identified in the bidder's or offeror's submitted utilization plan
The Percentage of the bid's amount awarded to certified BEP vendor(s) identified in the utilization plan
Aon Risk Services Central, Inc. $2,111,853.72
*NA indicates that the offeror's pricing remained sealed.
Add Row Delete Row
Agency Contact
Contact Name: Cheryl Heinz Telephone Number: 630-371-8302
Email Address: cheinz@getipass.com Fax Number:
Street Address: 2700 Ogden Ave. City: Downers Grove
State: IL Zip Code: 60515
SPO Written Determination for Contract Award Decision
General - Applies to Split Awards, Award to Other than Lowest Responsible and Responsive Bidder. The Rationale described by the purchasing agency in the recommendation to award seems reasonable, and serves as the basis for the contract decision.
Invitation for Bid - The contract was procured through the Invitation for Bid Process, and the contract has been awarded to the lowest priced responsive and responsible bidder.
Invitation for Bid award with Domestic Products preference - The contract was procured through the Invitation for Bid Process, and the contract has been awarded to the lowest priced responsive and responsible bidder by applying the Procurement of Domestic Products preference.
Request for Proposal - Based on factors set forth in the Request for Proposal, the contract has been awarded to the offeror whose proposal is most advantageous to the State.
Other: General Notice
Signature Field Date: Mar 20, 2026
State of Illinois Chief Procurement Office for General Services Notice of Award v.25.1 Page of Agency and Awarded Vendor Information Terms (Add Renewal Terms as appropriate) Length Value Initial Term Farm Leases and Concessions Estimated Financial Return to the State for the Life of the Contract (Includes Renewals) Estimated Gross Revenue to the Vendor for the Life of the Contract (Includes Renewals) Business Enterprise Program/Veterans Business Program Awarded bidder/offeror BEP/VBP Utilization Plan Goals 30 ILCS 575/7 (6) List each bidder or offeror's name Total bid amount The name(s) of the certified BEP vendor(s) identified in the bidder's or offeror's submitted utilization plan The Percentage of the bid's amount awarded to certified BEP vendor(s) identified in the utilization plan *NA indicates that the offeror's pricing remained sealed.
Agency Contact SPO Written Determination for Contract Award Decision 11.0.0.20130303.1.892433.887364
| CurrentPage: |
| PageCount: |
| DESCRIPTION: Property Insurance 26-27 |
| BIDNUMBER: 26-557THA-FINAN-B-51613 |
| AGENCY: ISTHA |
| VENDORSELECTED: Aon Risk Services Central, Inc. |
| LINEITEMDESCRIPTION: The Illinois State Toll Highway Authority (ISTHA) is giving notice of intent to award contract number |
#26-1202 to Aon Risk Services Central, Inc. This award is contingent upon approval from the Tollway’s Board of Directors at the April 2026 Board meeting.
The Illinois Tollway utilized The Illinois Tollway Master Blanket Purchase Order 24-557THA-FINAN-P-88861, with the insurance broker, Aon Risk Services Central, Inc. for Insurance Brokerage Services to obtain quotes for the Property Insurance 26-27, which is a type of coverage designed to protect the Tollway that will result in a financial transfer of the risk of the cost to repair damages to agency assets and facilities in the event of a loss. Covered assets include but are not limited to road bridges, retaining walls, communication towers, toll collection facilities and road maintenance facilities. The estimated value of all assets to be included in the insurance program are in excess of $4 Billion. Specifications of the Amended and Restate Bond Trust Indenture of the Tollway requires the Agency maintain multi risk property insurance for the facilities of toll road system which are of an insurable nature.
Initial contract term: One (1) year (04/01/2026 - 03/31/2027). In an amount not to exceed $2,111,853.72
| TotalAwardAmt: $2,111,853.72 |
| NoUnsuccessfulbidders: |
| cell2: one year |
| cell2: $2,111,853.72 |
| cell3: $2,111,853.72 |
| cell1: Aon Risk Services Central, Inc. |
| DeleteRenewalTerm: |
| AddRenewalTerm123: |
| VALUETOSTATE: N/A |
| VALUETOVENDOR: N/A |
| PERCENTVBPUPLAN: 0 |
| PERCENTBEPUPLAN: 0 |
| cell5: |
| Add: |
| Delete: |
| ContactName: Cheryl Heinz |
| Telephone: 630-371-8302 |
| email: cheinz@getipass.com |
| fax: |
| Street: 2700 Ogden Ave. |
| City: Downers Grove |
| State: IL |
| Zip: 60515 |
| CheckBox1: 0 |
| CheckBox2: 0 |
| CheckBox5: 0 |
| CheckBox3: 0 |
| Other: General Notice |
| SignatureField1: |
| DateField1: 2026-03-20 |
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