This Solicitation opportunity from Illinois was posted on November 12, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Insurance Review, Tracking and Management RFP
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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The Illinois Housing Development Authority is issuing a solicitation to select a vendor for comprehensive insurance review, tracking, and management services related to its multifamily housing loan portfolio. The contract, with an estimated value ranging from 500,000 to 1.5 million dollars, will commence on January 1, 2026, for an initial one-year period with options to renew up to ten years through three additional three-year extensions, contingent upon continuing need and favorable market conditions. The scope involves reviewing and approving insurance certificates during initial, construction, and final closing phases, ensuring compliance with IHDA’s insurance standards, and maintaining a dedicated electronic tracking database. Vendors must submit proposals electronically via the BidBuy portal by December 12, 2025, with a pre-bid conference scheduled for November 17, 2025. Key requirements include adherence to specific insurance coverages such as general liability, property, umbrella, workers’ compensation, flood, and mine subsidence, with certificates listing IHDA as additional insured or joint loss payee. Vendors must also comply with Illinois state procurement policies, including participation in the Business Enterprise Program (BEP) and Vendor Diversity Program (VBP), demonstrating commitments to diversity, equity, and inclusion through detailed forms and documentation. Certification and disclosure forms require vendors to verify their legal standing, size status, and socioeconomic ownership, with particular attention to certifications related to minority, women, veteran, and persons with disabilities ownership. The contract emphasizes the importance of OCI disclosures, staffing capacity, and legal compliance, with detailed instructions for proposal submission, including mandatory attachments such as vendor disclosures, utilization plans, and proof of good standing. Overall, the procurement aims to enhance IHDA’s capacity to manage insurance certificates efficiently, ensure regulatory compliance, and promote diversity in its vendor relationships.
General Info
Place of Performance
IL, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
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