Insurance Benefits for City of Chicago Employees

DEPARTMENT OF FINANCE

Published: Apr 19, 2023

Updated: Jun 15, 2026

Source: chicago_contracts

This tender has been awarded

Awarded to MET LIFE — $11,700,000

Browse open Finance & Banking tenders in United States

About This Opportunity

finance & banking services contract awarded in United States: Insurance Benefits for City. By Department OF Finance. Awarded to MET LIFE (USD 11.7M, Apr 2023).

This is a services contract in the finance and banking, urban development and housing and humanitarian aid sectors, with a focus on Insurance, Municipal Services and Protection. Located in United States, North America, this opportunity is open to firms and consortiums, with an estimated budget of USD 11.7 million.

Published through Chicago Contracts, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.

Description

The City of Chicago is seeking proposals for the provision of insurance benefits for its employees, through a tender issued by the Department of Finance.

This procurement initiative aims to establish a comprehensive insurance program that meets the diverse needs of city employees and their families. The selected vendor will be responsible for delivering a suite of insurance products, which may include life insurance, disability coverage, and other related benefits, ensuring that city staff have access to essential financial protection.

The contract type is categorized as Comptroller-Other, indicating that the procurement may involve a variety of insurance solutions tailored to the specific requirements of the city’s workforce. The City of Chicago is particularly interested in proposals from established insurance providers with a proven track record in delivering reliable and effective benefits programs.

Typical requirements for this tender will likely include compliance with local and federal regulations, demonstrated financial stability of the vendor, and evidence of experience in managing similar contracts for municipal or government entities. Bidders may also be expected to provide details on the range of insurance options available, flexibility in coverage plans, and support services for enrollees.

The awarded contract will not only enhance the overall benefits package for city employees but also contribute to the City of Chicago’s commitment to employee welfare and satisfaction. Interested vendors are encouraged to prepare thorough proposals that align with the city's objectives and standards for quality and service.

Data provenance

This notice is sourced from Chicago Contracts and was originally published on April 19, 2023. Last refreshed 10 days ago. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About DEPARTMENT OF FINANCE

DEPARTMENT OF FINANCE has issued 617 procurement notices on BidsFactory, including 4 currently open and 597 awarded contracts. Activity concentrates in Finance & Banking, Audit, Accounting & Risk, and Health & Medical. Tenders span 5 countries including Australia, Ireland, and United States. Notices are distributed via Chicago Contracts, ireland_etenders_csv, and UK FTS - Find a Tender Service. Most recent publication: June 15, 2026.

Frequently asked questions about this tender

How much was the contract awarded for?

MET LIFE was awarded the contract for $11,700,000. The figure reflects the value disclosed by the contracting authority in the award notice.

Where will the contract be performed?

The contract is for delivery in United States. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.

How can I submit a bid?

Visit Chicago Contracts to access the full notice, required documents, and submission instructions provided by the contracting authority.

Is this tender still open?

No — the contract has already been awarded to MET LIFE. The award notice is archived on BidsFactory for transparency and market intelligence.

Who is the contracting authority?

This notice was issued by DEPARTMENT OF FINANCE in United States. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.