Workers¿ Compensation Claims Administration; Risk Program Administration
Description
The City of Chicago, through its Department of Finance, is seeking comprehensive services for Workers' Compensation Claims Administration and Risk Program Administration.
This procurement opportunity, classified under Comptroller-Other contract types, aims to engage a qualified vendor to manage all aspects of the city's workers' compensation claims and its broader risk management programs. The scope of work is expected to encompass the end-to-end processing of workers' compensation claims, including intake, investigation, adjudication, payment, and recovery.
Furthermore, the selected vendor will be responsible for the strategic administration of the city's overall risk management initiatives. This typically involves developing and implementing risk mitigation strategies, conducting risk assessments, providing legal and claims support, and potentially offering consulting services to enhance the city's risk posture. Bidders will likely be required to demonstrate a proven track record in managing large, complex government or municipal risk programs, with a strong emphasis on efficiency, cost-effectiveness, and regulatory compliance within the United States.
Key considerations for potential bidders will include their capacity to manage a substantial volume of claims, their technological capabilities for claims processing and reporting, and their expertise in navigating the intricacies of workers' compensation and risk management legislation. The City of Chicago is looking for a partner that can provide innovative solutions and exceptional service to safeguard its employees and financial interests.
Find tenders like this automatically
Set up alerts and filters that match your business — never miss a relevant opportunity again.
About This Opportunity
This is a services contract in the finance and banking, legal services and urban development and housing sectors, with a focus on Legislative Drafting and Municipal Services. Located in United States, North America, this opportunity is open to firms and consortiums, with an estimated budget of USD 10.1 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.