Government Contract | Nebraska
Provide errors and omissions insurance

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Bid Information

Bid Alert No: 00000527202

Bid Title: Provide errors and omissions insurance

Agency Bid No. Title: 2016-1

Received Date: 03/31/2016

Close Date: 04/29/2016

Purchase Type: September 1, 2016 through December 31, 2017

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 04/05/2016


Specifications include, but are not limited to:The State of Nebraska, Nebraska Real Estate Commission, is issuing this Request for Proposal, RFP Number 2016-1 for thepurpose of selecting a qualified Contractor to provide errors and omissions insurance to Nebraska Real Estate Licensees.Any resulting contract is not an exclusive contract to furnish the services provided for in this Request for Proposal, and doesnot preclude the purchase of similar services from other sources.A contract resulting from this Request for Proposal will be issued approximately for a period of one (1) years and four (4)months, effective September 1, 2016 through December 31, 2017. The contract has the option to be renewed for five (5)additional one (1) year periods as mutually agreed upon by all parties. One hundred twenty-five (125) days before theexpiration of the Contract term, whether the initial term or a renewal term, Contractor shall notify NREC in writing of theproposed renewal rates, which rates may vary from the amounts in the initial Contract term as further provided in this RFP.Within thirty (30) days of the receipt of the proposed renewal rates, NREC shall exercise its option to renew its proposedrenewal rates by notifying Contractor in writing of its exercise of the option to renew. If the option to renew is timely exercisedby NREC, this Contract will continue in effect for an additional one (1) year period, such period running from January 1 toDecember 31 for each renewal term, upon the same terms and conditions set forth herein, except as to any modification inthe renewal rates of which Contractor has provided NREC timely notice. Notices under this section shall be deemed receivedon the date they are sent, if by telephone facsimile transmission or by telegram. Notices sent by certified mail shall bedeemed received on the date of their actual receipt by certified mail. The State reserves the right to extend the period of thiscontract beyond the termination date when mutually agreeable to the Contractor and the State of Nebraska.

Product Code: 95352

Agency Information

Issuing Agency: State of Nebraska-Real Estate Commission

State: Nebraska

Agency Type: State and Local

Contact: Greg Lemon 301 Centennial Mall South, P.O. Box 94667, Lincoln, Nebraska, 68509-4667

Phone: 402-471-2004

Fax: 402-471-4492




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