IFB for commercial automobile liability insurance for Schenectady Municipal Housing Authority. Coverage starts December 1, 2026, for 12 months. Firm fixed price contract. Award to lowest responsible and responsive bidder based on lowest total annual premium. Bids due October 30, 2026, at 2:00 PM. One original and two copies required. Bids irrevocable for 90 days. Insurers must be licensed in NY with A. M. Best rating A or better. Agent/broker must be licensed in NY. No prevailing wage requirements. Premium payable annually.
Bids must be received on or before October 30, 2026, at 2:00 PM. The IFB states: the response date and time is: october 30, 2026, at 2: 00 pm.
The premium shall be payable annually. The IFB states: the premium shall be payable annually.
The contract is awarded to the lowest responsible and responsive bidder. The IFB states: award a contract to the lowest responsible and responsive bidder whose bid meets the requirements of the ifb and bids will be evaluated as follows to determine lowest bid price: lowest total annual premium.
Insurers must be licensed in NY with A. M. Best rating of A or better and financial rating class VII or greater. The IFB states: each participating insurer shall be licensed or duly authorized to issue insurance in the state of new york and a rating in the current a. m. bests insurance reports of a or better.
Protests against the solicitation must be received before the bid due date, and protests against award within 10 calendar days after award. The IFB states: any protest against a solicitation must be received before the due date for receipt of bids and any protest against the award of a contract must be received within ten calendar days after contract award.
Bids with conditions, omissions, or alterations may be rejected. The IFB states: bids containing any conditions, omissions, unexplained erasures or alterations, or irregularities of any kind, may be rejected by the authority.