ESBD_374299_1724362615067_IW193320.pdf

This document is an Invitation for Bid (IFB) issued by the Texas Department of Transportation (TxDOT) for the purchase of Automobile Insurance for State-Owned Vehicles. The IFB provides an overview of the required services, which include providing coverage for approximately 21,000 state-owned vehicles across Texas. Responses are due by 3:00 PM CT on May 31, 2023, and the contract will be awarded on or about July 1, 2023 for an initial term of one year with four one-year renewal options.

The IFB specifies that pricing must be provided for several coverage levels, including liability, comprehensive, and collision. It also notes that this procurement is subject to the requirements of the HUB (Historically Underutilized Business) program, and that any subcontracting opportunities must be reported. The current incumbent provider is not identified, but the IFB states that TxDOT has budgeted $15 million annually for this contract, to be funded through the agency's operating budget.