The Santa Barbara Metropolitan Transit District (MTD) is seeking proposals for comprehensive property and casualty insurance brokerage services. The selected broker will be responsible for marketing MTD to the insurance marketplace to secure cost-effective coverage, and will provide ongoing support in risk management, claims consultation, and contract evaluation. The contract will be for three years with an optional two-year extension. Key dates include: Clarification requests due April 21, 2026, and Proposal due date May 5, 2026. The anticipated award consideration date is June 2, 2026. The selected firm must have at least five years of experience in insurance brokerage and consulting, with an emphasis on the public sector. Proposals must include a technical proposal with a price proposal, bidder information form, acknowledgement of addenda, non-collusion declaration, compensation certification, and lobbying certification. MTD reserves the right to amend the RFP through written addenda, which will be posted on their website. All proposals become MTD's property and will remain valid for ninety days. MTD will not pay for proposal preparation or delivery costs. Electronic proposals are to be submitted via email to purchasing@sbmtd. gov.
The proposal due date is Tuesday, May 5, 2026, by 10:00 AM PDT. Proposals will be accepted via email only until this time. It is advisable to submit in advance to resolve any email delivery problems.
The bid notice does not explicitly detail payment terms for the services rendered by the insurance broker. However, it mentions that compensation strategy should be described, and fees are generally paid through the insurance carrier.
The bid notice does not specify warranty requirements for the insurance brokerage services.
Award consideration will be based on a combination of factors, including price proposal, compensation strategy, experience of the offeror, the assigned team's public sector experience, depth of resources, methodology and plan for project completion, references, and the quality and responsiveness of the proposal.
Offerors must demonstrate a minimum of five years of expertise and experience in providing insurance brokerage and consulting services, with an emphasis on the public sector. They must also be licensed by the California Department of Insurance and have no prior history of corrective action.
The bid notice does not explicitly detail penalties for the selected broker. However, failure to obtain and maintain required insurance constitutes a material breach of contract.
The bid notice does not mention any requirement for a site visit.
The bid notice does not require the submission of samples.
The bid notice states that MTD has established procurement protest procedures, which are available on MTD's website at www. ***. *. * deadlines for challenges are not detailed within the provided text.