Third Party Administrator Vanpool Claims Services
Overview
Fit Score
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SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateCONTRACT DURATION
TIMELINE
Issue Date: March 18th, 2026
Inquiries Deadline: March 25th, 2026 at 5:00 p.m. EST
Proposal Submission Deadline: April 8th, 2026 at 5:00 p.m. EST
Contract Period: July 1st, 2026 to June 30th, 2029, with two 1-year renewal options.
QUESTION DEADLINE
Issuing Agency
Commonwealth of Virginia Department of the Treasury
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The selected vendor will provide third party administrator services for vanpool claims as part of the Advantage Vanpool self-insurance program in Virginia. Responsibilities include administering automobile liability and physical damage claims for advantage-registered vanpools used by authorized personnel during official business.
The contractor will handle claim intake directly from advantage members and perform prompt, thorough claims investigations in accordance with industry standards. Duties also include managing a claims database, handling subscription and submission of reports, and establishing as well as updating reserves for loss and expense on each claim based on available facts.
The contract period spans three years, and all questions related to this RFP must be submitted no later than March 25, 2026.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.