RFP 26-007 Town of Parker Risk Services

The Town of Parker, Colorado, issued RFP 26-007 on March 13, 2026, seeking qualified professional risk management consulting services to conduct a comprehensive feasibility study and develop strategic recommendations for transitioning from traditional third-party insurance coverage to a hybrid insurance program. The scope of work encompasses evaluation of multiple lines of coverage including automotive physical damage, property, auto liability, police officer individual liability, workers' compensation, and employers' liability, with current annual premium expenditures of approximately $1,425,807. Deliverables include expert analysis, actuarial modeling, and strategic recommendations to redesign the Town's risk program and financing structure over a one- to five-year implementation period, with all work products required to be completed within six months of contract execution. The consultant must demonstrate expertise in governmental insurance and self-insurance programs with knowledge of Colorado regulatory requirements, and all actuarial work must be performed by credentialed actuaries with municipal risk experience. Evaluation of responses will be weighted as follows: Technical Approach and Methodology (35 points), Firm Qualifications and Relevant Experience (25 points), Project Team Qualifications (20 points), Cost Proposal (15 points), and Implementation Timeline and Project Management (5 points). Key dates include a pre-proposal Teams meeting scheduled for March 24, 2026, at 2:00 p.m. MST, a question submission deadline of March 26, 2026, at 10:00 a.m. MST, and a proposal submission deadline of April 3, 2026, at 10:00 a.m. MST through the Euna Procurement portal.

The RFP document does not specify any set-aside designations or restrictions on the types of organizations eligible to respond, nor does it identify any disadvantaged enterprise requirements. No incumbent vendors or current contractors are listed in the solicitation materials, and there is no mention of existing infrastructure or technology requiring integration. The Town reserves the right to enter negotiations with selected respondents and request a Best and Final Offer (BAFO), with award to be made to the company providing the best value. The specific contract value is not disclosed in the RFP; however, the current annual premium expenditure of approximately $1,425,807 provides context for the magnitude and significance of the engagement.