Insurance Cost Savings, Risk Gap Analysis and Innovation Review Services

The Georgia government authority is seeking a consultant to conduct a comprehensive review of its existing insurance portfolio. The agency needs to identify opportunities for cost savings, improve flexibility to support participation by small and diverse businesses, and assess potential gaps in risk coverage. Additionally, the authority requires recommendations for innovative approaches to insurance and risk management that align with its operational complexity and public-sector mission. The scope of work covers reviewing all existing insurance policies, coverages, limits, deductibles, exclusions, endorsements, and premium structures. The selected consultant must identify opportunities for premium reductions, alternative risk structures, or program consolidation without compromising coverage adequacy. The project also requires identifying gaps, redundancies, or misalignments in current risk coverage relative to operational, construction, and programmatic activities. The agency wants to reduce barriers to participation for small and diverse businesses while maintaining appropriate risk protections. The consultant must recommend alternative approaches, such as tiered requirements, owner-controlled insurance programs, or pooled solutions, to support inclusive procurement goals. Finally, the provider must deliver forward-looking recommendations to improve flexibility, resilience, and long-term cost control. Only onshore organizations based in the United States are eligible to bid on this opportunity. The selected vendor will perform all work offsite. Bidders must submit any questions regarding this procurement no later than June 5, 2026. The agency is looking for proposals to determine the budget for these services. Bidders may submit their responses digitally via email or through an online portal. The agency has not specified additional evaluation criteria beyond the stated scope and eligibility requirements.