What the buyer needs
AI summaryThe Chesapeake Bay Bridge and Tunnel District seeks proposals for bridge floater insurance broker services through a two-stage competitive negotiation process. Eligible US-based organizations must submit initial broker-qualification proposals, including a compensation schedule, market prioritizations, and signed certifications, by email to [email protected] no later than December 31, 2026, at 4:00 p.m. EST. All questions must be submitted by December 3, 2026. In January, the District will evaluate initial proposals using broker-qualification factors, select two or more qualified brokers, and assign separate insurance markets based on each broker's submitted prioritizations. Qualified brokers must submit complete insurance coverage proposals from their assigned markets by February 26, 2027, for evaluation in early March. The District will select the winning broker and insurer at its March Commission meeting, with coverage effective April 1, 2027, for an initial contract period concurrent with the awarded policy.
Scope of work
- Obtain best available bridge floater and business-interruption insurance coverage proposals from assigned markets
- Provide comparable coverage and pricing information, including limits and deductibles
- Deliver an Annual Risk Management Service proposal and program design
- Provide claims management and loss control specialist services
- Provide continuing claims assistance following termination of the relationship
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Offeror’s experience in placing similar coverage | Not specified |
| Method and plan for providing services | Not specified |
| Expertise, experience, and qualifications of the Offeror’s personnel to be assigned to the District, including staff/individual certifications | Not specified |
| Financial responsibility of the Offeror | Not specified |
| References | Not specified |
| Offeror compensation and compensation methodology | Not specified |
| Evaluation of Offeror interviews (if requested by the District) | Not specified |
Minimum qualifications
- Authorization to transact business in Virginia (Virginia State Corporation Commission identification number) or explanation why not required
- Not currently debarred, suspended, declared ineligible, or voluntarily excluded from contracting by any federal, state, or local public body
- At least four insurance markets currently represented directly (not through wholesale brokers) to place bridge floater insurance
- Four similar current client references
- Compliance with all applicable United States and Virginia statutes, rules, and regulations
Documents to include with your response
- Completed and signed Broker Eligibility Certification and conflict-of-interest disclosure (Attachment A)
- Acknowledgment of all addenda
- One-page narrative summarizing history, ownership, and financial condition
- Virginia State Corporation Commission identification number or exemption statement
- Organizational charts and servicing team members’ names, titles, responsibilities, and resumes
- Priority list of at least four insurance markets
- Sample Annual Risk Management Service proposal with recommended timetable
- Illustration of proposed program design
- Evidence of Errors & Omissions insurance
- Broker compensation schedule
How to submit
- Method
- Instructions
- Submit a readable signed PDF proposal and supporting documents as email attachments, combining into one PDF where practical. Bound copies and physical deliveries are not required or accepted. Identify RFP F-27-002 and the Offeror’s name in the email subject.