GENERAL NOTICE: Property Insurance 26-27

The Illinois State Toll Highway Authority (ISTHA) has issued a Notice of Award for Property Insurance coverage for fiscal year 2026-27 under contract number 26-1202. This procurement was conducted through an Invitation for Bid process utilizing ISTHA's Master Blanket Purchase Order 24-557THA-FINAN-P-88861 with insurance broker Aon Risk Services Central, Inc., which solicited quotes for comprehensive property insurance coverage. The property insurance contract is designed to provide financial risk transfer protection for repair costs resulting from damage to ISTHA assets and facilities, with covered assets including road bridges, retaining walls, communication towers, toll collection facilities, and road maintenance facilities representing an estimated total asset value exceeding $4 billion. The contract award was made to the lowest priced responsive and responsible bidder, with the contract term commencing April 1, 2026 and extending through March 31, 2027. The procurement was required under the specifications of the Amended and Restated Bond Trust Indenture of the Tollway. The Notice of Award was issued on March 20, 2026, with Board of Directors approval pending at the April 2026 Board meeting.

Aon Risk Services Central, Inc. has been awarded this contract with a total award value of $2,111,853.72 for the one-year initial term, with no renewal options currently listed. No Business Enterprise Program or Veterans Business Program utilization is required under this award, indicating no set-aside designations or restrictions on respondent type are imposed. The contract contingently awards to Aon Risk Services Central, Inc., establishing the vendor as the incumbent contractor for this coverage period following final Board approval. Interested parties with questions or inquiries regarding this contract award may contact Cheryl Heinz, the designated agency contact at the ISTHA office in Downers Grove, Illinois, by telephone at 630-371-8302 or by email at cheinz@getipass.com.