Cutler Bay Insurance Bidding Process Authorization

Original title: A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF CUTLER BAY, FLORIDA, AUTHORIZING THE ISSUANCE OF A REQUEST FOR PROPOSAL (RFP) FOR PROPERTY, LIABILITY AND CASUALTY INSURANCE; AND PROVIDING FOR AN EFFECTIVE DATE.

Record date · May 20, 2015

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What This Bill Does

The Cutler Bay Town Council has officially approved the release of a to solicit bids for the town's property, liability, and coverage.

Why it matters

This initiates the competitive bidding process for the town's insurance policies, which determines the service providers and costs for protecting town assets and managing liability risks.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Town of Cutler Bay taxpayers

The cost and terms of the town's insurance policies are funded through town revenues.

Directly affected

Insurance providers

Companies in the insurance industry may submit proposals to compete for the town's contract.

Key Facts

The Town Council authorized the issuance of a Request for Proposal (RFP) for insurance services.
The scope of the insurance coverage includes property, liability, and casualty insurance.
The resolution is identified by file number 2015-089.
The resolution was introduced on May 13, 2015.

Show all 5 facts

The resolution has been passed by the Town Council.

Frequently Asked Questions

What is an RFP?

An RFP (Request for Proposal) is a formal document used by a government agency to invite companies to submit bids for providing specific goods or services.

What types of insurance is the town looking for?

The town is seeking coverage for property, liability, and .

What else do you want to know?