Government Contract | California
Real Estate Insurance Consultant

Bid Information

Bid Alert No: 00000500438

Bid Title: Real Estate Insurance Consultant

Agency Bid No. Title: 5000000634

Received Date: 03/03/2016

Close Date: 04/14/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 03/14/2016 02:00 PM


Specifications include, but are not limited to:The selected insurance consultant will have several responsibilities when reporting to CalSTRS Real Estate staff. The consultant will identify risks; objectively determine the adequacy of protection; objectively determine the reasonableness of cost; conduct insurance policy review; facilitate and actively participate in broker selection processes as necessary; facilitate renewals as necessary; provide lease and contract review relating to insurance provisions to CalSTRS Real Estate staff and internal and external counsel; and respond to ongoing questions that arise out of everyday business as it relates to insurance. Under the direction of the Board or designee and in accordance with CalSTRS Investment Policy & Management Plan, Exhibit A, and Fiduciary Standards, Exhibit B, the services to be provided by the firm shall include, but not be limited to, the following (the subject review may be tailored as circumstances dictate): 1.Monitor and update, as necessary, a set of objective coverage standards for all CalSTRS owned and joint venture assets. These criteria should be based on a conservative level of risk tolerance, be consistent with industry standards, and be commercially available. 2.Assess the broader insurance market and analyze its impact on the CalSTRS real estate portfolio. This review process shall be continuous. 3.Conduct a detailed review of each real estate advisors insurance program to determine if proper coverage, based on agreed upon levels, is in force and if applicable review if premium allocations to CalSTRS properties are fair and competitive. This review process shall be continuous

Bid Related Documents

Download Document

Product Code: 91869

Agency Information

Issuing Agency: State of California - Teachers' Retirement System State

State: California

Agency Type: State and Local

Contact: Poua Moua




FREE Market Analysis

Get a FREE 90-Day Market Analysis and see the bids you’ve been missing