Master Aviation Insurance

The Commonwealth of Kentucky is issuing Request for Bid (RFB) 758 2300000826 to establish a Master Agreement for Master Aviation Insurance. The procurement is being conducted on behalf of the State Risk & Insurance Services, Department of Aviation, Kentucky State Police, and Department for Natural Resources. The contract will provide liability coverage, including bodily injury and property damage, as well as physical damage coverage for the Commonwealth's scheduled, temporary substitute, and non-owned aircraft. The desired coverage limits are $10,000,000 per occurrence, with various deductibles as specified in the detailed requirements. The contract period is one year beginning August 13, 2023, with four optional one-year renewal periods. Bids must be submitted electronically by June 28, 2023, at 1:30 PM ET, and the contract will be awarded to the responsive and responsible bidder offering the best value based on price.

The Commonwealth will give preferences to Kentucky resident bidders and qualified bidders under Commonwealth regulations. Bidders must comply with all applicable statutes, regulations, and policies, including providing the required affidavits and supporting documentation. Pricing adjustments during the contract term are permitted, with increases limited to the first twelve months and decreases required to be passed along to the Commonwealth. The Commonwealth reserves the right to add similar items to the contract with the consent of the vendor. The estimated value of the contract is not provided, but it will be awarded to the bidder submitting the best bid that meets the Commonwealth's needs.