Fidelity Bonding

The Texas Workforce Commission (TWC) is seeking to procure 580 fidelity bonds through an Invitation for Bids (IFB) process. The fidelity bonds will be provided to employers as job seekers in Travis County and the City of Austin receive job offers. There is no application process for job seekers, no formal bond approval process, and no Federal regulations applicable to the bonds. The bonds must cover the first six months of the job seeker's employment, have no expiration date, and be available for TWC to issue indefinitely. Bids are due by September 11, 2023 at 10:00 AM. The bonds must be priced at a firm, set price regardless of the number of employers. TWC believes this service may be proprietary to one vendor but encourages bids from all qualified vendors.

The IFB indicates that TWC will apply relevant state preferences when evaluating bids. The awarded contract will be for the provision of the fidelity bonds, with no travel reimbursement provided. The IFB does not specify any set-aside designations or restrictions on the types of organizations that can respond. There is also no information provided on any incumbent vendors or current contractors, or any existing infrastructure or technology that requires integration. The IFB does not list a possible award value or budget range.