Property Insurance

Closed State & local contract opportunity Posted

Solicitation number
363-26
State
Texas
Responses due

Opportunity facts

Jurisdiction
NIGP codes
UNSPSC codes
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Point of contact

Opportunity details come from txsmartbuy.com. Updated .

About this opportunity

Written by GovTribe AI ·

The Garland Independent School District (GISD) has issued Request for Proposal #363-26 seeking comprehensive property insurance coverage across its expansive district. The procurement encompasses multiple insurance categories including boiler and machinery, inland marine, electronic data processing, and crime insurance for the district's approximately $2.2 billion in property and contents across 81 operating locations in Garland, Rowlett, and Sachse. The district requires a loss limit of at least $300 million with flexible deductible options, including a $100,000 deductible for most perils and a $1 million crime policy with deductibles ranging from $5,000 to $25,000. Proposers must meet specific qualifications, including maintaining an Errors and Omissions policy with a minimum $5,000,000 per occurrence limit, being licensed in Texas, and holding an A.M. Best Rating of at least A-VIII. The evaluation process will allocate points across several criteria: purchase price (40 points), vendor reputation (15 points), service quality (20 points), and ability to meet district needs (15 points), totaling a possible 100 points. Key submission deadlines include an initial questionnaire due by September 3, 2025, and final proposal submissions due by September 30, 2025, at 10:30 a.m., with the contract period beginning December 3, 2025, and potential annual renewals through December 2, 2031.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. The solicitation appears open to qualified insurance providers meeting the specified technical and financial requirements. While no incumbent vendors are directly referenced, the comprehensive nature of the insurance coverage suggests a potentially significant contract value that would be attractive to major insurance providers. The district serves approximately 51,000 students and 7,300 employees, indicating a substantial operational footprint that would require robust insurance coverage. Though specific budget ranges are not explicitly stated, the $2.2 billion property valuation and $300 million loss limit requirement suggest a high-value insurance contract with potentially significant annual premiums. The multi-year renewal option through December 2, 2031, provides potential long-term stability for the selected insurance provider, making this an attractive opportunity for qualified insurers with strong financial ratings and comprehensive insurance capabilities.

Files

File Type Posted
ESBD_448715_1755883280683_HARDCOPYFORDISTTOPOST.pdf PDF

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