Insurance Review, Tracking & Management Reissue RFP

The Illinois Housing Development Authority (IHDA) has issued a solicitation titled "Insurance Review, Tracking & Management Reissue RFP" (solicitation number 26-551HDA-LEGAL-B-50845) with a response deadline of March 2, 2026. The contract focuses on providing comprehensive insurance review, tracking, and management services specifically for projects located in Chicago, Illinois, under NAICS code 524298. This solicitation seeks vendors capable of managing insurance documentation and certifications related to various construction and rehabilitation loan projects under IHDA’s portfolio. The efforts include ensuring compliance with insurance requirements for contractors, property managers, and project owners, covering a wide range of coverages such as general liability, workers' compensation, builder’s risk, and specialty insurances like flood and earthquake. The procurement includes a structured billing framework outlined in the Project and Rates Request for Proposals document, estimating around 80 projects annually with fixed rates applied to certificates such as Owner, Commercial Property, and General Contractor Liability, among others. Vendors are required to demonstrate a commitment to diversity and inclusion in accordance with Illinois state requirements, supported by the submission of detailed BEP (Business Enterprise Program) Utilization Plans and Commitment to Diversity Vendor Answer Forms. These measures ensure that a meaningful portion of contracting and subcontracting opportunities are allocated to certified businesses owned by women, minorities, and persons with disabilities, enhancing equity in state contracting. Additionally, vendors must comply with state procurement disclosure requirements and maintain transparent, verifiable documentation of diversity efforts, policies, and staffing commitments in alignment with Illinois’ procurement laws aimed at fostering inclusive participation in public contracts. The IHDA serves as the primary point of contact for this solicitation, facilitating vendor questions and proposal submissions through the official BidBuy portal.