Preparing for Insurance Bidding
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A recent MBI survey indicated that many contractor members will be “going to market” at their next insurance policy renewal. This means they will be soliciting bids from various insurance carriers to provide their property, work comp, general liability, auto and possibly equipment coverage. This involves preparing information on who the contractor is, what, where and how they do their work, and a summary of previous years’ claims. It’s a lot of work and needs to be completed approximately two months before the current policy expires. This will give the underwriters of the various insurance carriers time to review the information. Underwriters are the ones who determine how much premium will be charged. They look at the info for help in deciding how much of a risk a contractor would be to them. Therefore, how the information is presented and what their loss control representative sees at a jobsite or in the shop is all they have to go on.
Bidding and Project Procurement
Project procurement in the public sector for the state of Iowa is based on a design / bid / build process, in which the lowest responsible AND responsive bidder is awarded the contract. Iowa’s competitive bidding laws for public projects have withstood a century of scrutiny and challenges and the Master Builders of Iowa has a long history of working with public owners and contractor-members in keeping the public procurement process free of political favoritism, corruption, cronyism and graft. Establishing a strong competitive bidding law aids public owners and contractors in the award of contracts, but the biggest benefactor is the Iowa tax payer, who gets a project of high quality and value.
This portion of the website will focus on bidding and project procurement. You can access the Iowa Code and those chapters that deal with competitive bidding for each respective public owner. You will also find information on other laws the assist the public project procurement process.
MBI is unmatched in its expertise on Iowa’s competitive bidding laws and MBI members and public owners are encouraged to draw upon the years of experience MBI has in the arena of project procurement.
