RFP Consulting
Choosing the right benefits broker is one of the most important decisions you’ll make for your employee benefits program. But many organizations get stuck in RFP processes that take too much time and still don’t surface the right partner.
We offer specialized RFP consulting to make your broker search strategic, streamlined, and more likely to result in the right long-term partner.
Comprehensive RFP Process Support
Strategic Planning and Preparation:
- Defining your objectives: what does success look like in a broker relationship?
- Identifying must-have capabilities vs. nice-to-have features
- Understanding current challenges and gaps requiring new broker strengths
- Timeline development balancing thoroughness with business needs
- Stakeholder alignment ensuring decision criteria reflect organizational priorities
RFP Document Development:
- Professionally crafted RFP documents clearly communicating your needs
- Detailed questions that elicit meaningful, comparable responses
- Evaluation criteria and scoring methodology design
- Required response formats enabling objective comparison
- Terms and conditions protecting your interests
Broker Market Intelligence:
- Identification of brokers best suited to your industry, size, and needs
- Market landscape overview of capabilities and differentiation
- Firm stability and reputation assessment
- Conflict of interest evaluation (existing client relationships, ownership structures)
- Curated broker list targeting firms most likely to excel for your organization
RFP Administration:
- Distribution and communication management with participating brokers
- Question and answer coordination ensuring all brokers have consistent information
- Response collection and organization
- Preliminary screening eliminating clearly unsuitable proposals
- Timeline management keeping process on track
Objective Evaluation:
- Systematic scoring against your defined criteria
- Comparative analysis highlighting key differences and trade-offs
- Shortlist development based on objective assessment
- Finalist presentation coordination and facilitation
- Reference checking with current clients
- Fee and compensation structure analysis
Decision Support:
- Finalist comparison summary with clear recommendations
- Presentation to leadership and decision-makers
- Negotiation support on service agreements and compensation
- Transition planning once selection is made
Why Independent RFP Consulting Matters
Objectivity: We have no vested interest in which broker you select—our only goal is helping you make the best decision for your organization.
Expertise: We understand what differentiates brokers, what questions reveal true capabilities, and what to look for in proposals.
Efficiency: Our structured process saves you countless hours while ensuring nothing important is missed.
Better Outcomes: Organizations using our RFP consulting consistently report higher satisfaction with selected brokers and stronger long-term relationships.
Whether you're unhappy with your current broker, experiencing a triggering event requiring change, or simply conducting periodic due diligence, our RFP consulting ensures you find the right partner.
Advisory Engagement Models
- Project-Based: Defined scope and deliverables for specific initiatives
- Retainer: Ongoing advisory relationship providing continuous strategic guidance
- Hourly Consulting: As-needed expertise for specific questions or limited projects
- Hybrid: Combination approaches matching your situation
Advisory Engagement Models
Our advisory services are flexible and tailored to your needs:
Project-Based: Defined scope and deliverables for specific initiatives Retainer: Ongoing advisory relationship providing continuous strategic guidance Hourly Consulting: As-needed expertise for specific questions or limited projects Hybrid: Combination approaches matching your situation
Experience the Vereo difference.
Contact us now to build a strategic advantage that sets your organization apart.