Professional Services for Administering the Flexible Spending Account (FSA), Dependent Care Flexible Spending Account (DCFSA), and Commuter Benefits
About This Opportunity
Consulting contract award: Professional Services for Administering the Flexible Spending Account. By Department OF Finance in United States, finance & banking.
This is a consulting contract in the finance and banking sector. Located in United States, North America, this opportunity is open to firms and consortiums, with an estimated budget of USD 20.7 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 consulting in the finance and banking sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
The City of Chicago, through its Department of Finance, is seeking qualified vendors to provide professional services for the administration of employee benefits programs.
This procurement encompasses the management of Flexible Spending Accounts (FSA), Dependent Care Flexible Spending Accounts (DCFSA), and Commuter Benefits. The contract is categorized as "Comptroller-Other," indicating a requirement for specialized external expertise.
Prospective bidders will be expected to demonstrate robust capabilities in managing these crucial employee welfare programs. This typically includes, but is not limited to, enrollment processing, claims adjudication and reimbursement, customer support for participants, compliance with relevant federal regulations (such as IRS guidelines for FSAs and DCFSAs), and the provision of secure online platforms for account management and transactions. A key aspect of this tender will be the ability to offer efficient and user-friendly systems that ensure accurate and timely processing of all benefit-related activities. The contracting authority is seeking a partner with a proven track record in delivering comprehensive and reliable administrative solutions for similar employee benefit plans within the United States. Experience in handling large employee populations and providing detailed reporting to the city will be highly valued.
Data provenance
This notice is sourced from Chicago Contracts and was originally published on December 5, 2023. Last refreshed 5 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
Is this tender still open?
No โ the contract has already been awarded to CONNECTYOURCARE, LLC. 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 Consulting contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
CONNECTYOURCARE, LLC was awarded the contract for $20,737,846. 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.
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