Insurance Advisement

Project Description: Issuing Procurement Unit: State of Utah Division of Purchasing
Conducting Procurement Unit: Department of Government Operations Risk Management
The purpose of this Request for Proposals (RFP) is to solicit proposals from qualified contractors to provide third-party claims handling services for property and liability claims on behalf of the Department of Risk Management (DORM) within the State of Utah. The State of Utah intends to award contracts to the four (4) highest scored Responsive and Responsible vendors capable of providing professional claims management services across the State of Utah.
It is anticipated that this RFP will result in multiple contract awards.
The methodology or formula that will be used to determine the number of contract awards is: There is a total of 1000 points possible. The possible points are broken down into two different events. The first event is the Technical Criteria evaluation. There are 750 points possible for this event. Each vendor must score a minimum of 70% or 525 pts to move on to the cost evaluation event. There are a total of 250 pts possible for the cost evaluation event. Cost points will be evaluated based on the formuala; Cost Points x (Lowest Proposed Price/Proposed Price) The Vendor with the lowest cost will received 100% of the points possible. The next (3) three highest vendor scores will be awarded a contract with the State of Utah resulting in (4) four awarded Vendors.
Length of Contract: 5 Years