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Deliverable Number
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Commodity/Service Type
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Major Deliverable
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Method of Payment
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01
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Financial asset management service
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The Contractor will provide administrative services, trust services, record keeping services, educat...
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No Cost
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| Major Deliverable: The Contractor will provide administrative services, trust services, record keeping services, educational documents and investment products.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 6 |
| Deliverable Number: 01 |
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02
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Financial asset management service
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The Contractor must have a Florida business registration, as required by section 607.1501, Florida S...
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No Cost
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| Major Deliverable: The Contractor must have a Florida business registration, as required by section 607.1501, Florida Statutes, which registration is with the Secretary of State.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: A financial consequence will be assessed against the Contractor in the event the Contractor fails to complete the task in the amount of $100.00 per day until the task is completed.
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| Source Documentation Page Reference: 6 |
| Deliverable Number: 02 |
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03
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Financial asset management service
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The Contractor must be registered with MyFloridaMarketPlace (MFMP).
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No Cost
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| Major Deliverable: The Contractor must be registered with MyFloridaMarketPlace (MFMP).
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: A financial consequence will be assessed against the Contractor in the event the Contractor fails to complete the task in the amount of $100.00 per day until the task is completed.
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| Source Documentation Page Reference: 6 |
| Deliverable Number: 03 |
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04
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Financial asset management service
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The Contractor must be licensed by all Federal and State Authorities that regulate investment produ...
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No Cost
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| Major Deliverable: The Contractor must be licensed by all Federal and State Authorities that regulate investment products.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: A financial consequence will be assessed against the Contractor in the event the Contractor fails to complete the task in the amount of $100.00 per day until the task is completed.
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| Source Documentation Page Reference: 6 |
| Deliverable Number: 04 |
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05
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Financial asset management service
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The Contractor must maintain a clear background review from the SEC, state insurance regulators and ...
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No Cost
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| Major Deliverable: The Contractor must maintain a clear background review from the SEC, state insurance regulators and other licensing bodies as necessary to perform its duties and meet IRS guidelines.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 6 |
| Deliverable Number: 05 |
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06
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Financial asset management service
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The Contractor must possess and update as required by the IRS, a program approval letter from the IR...
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No Cost
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| Major Deliverable: The Contractor must possess and update as required by the IRS, a program approval letter from the IRS indicating that the State of Florida’s FICA Alternative program is approved under IRS codes and regulations.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: A financial consequence will be assessed against the Contractor in the event the Contractor fails to complete the task in the amount of $100.00 per day until the task is completed.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 06 |
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07
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Financial asset management service
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The Contractor will provide the FICA Alternative Program at no cost to the State of Florida.
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No Cost
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| Major Deliverable: The Contractor will provide the FICA Alternative Program at no cost to the State of Florida.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 07 |
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08
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Financial asset management service
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The Contractor will provide a Required Minimum Distribution report that includes name, address, date...
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No Cost
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| Major Deliverable: The Contractor will provide a Required Minimum Distribution report that includes name, address, date of separation, and date of birth.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 08 |
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09
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Financial asset management service
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The Contractor will accept non-qualified fiduciary responsibility for the FICA program assets that c...
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No Cost
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| Major Deliverable: The Contractor will accept non-qualified fiduciary responsibility for the FICA program assets that come into its custody.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 09 |
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10
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Financial asset management service
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The Contractor has its principal place of business and corporate charter located and registered in t...
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No Cost
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| Major Deliverable: The Contractor has its principal place of business and corporate charter located and registered in the United States of America. No participant data is sent off the shores of the United States of America.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 10 |
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11
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Financial asset management service
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The Contractor must accept system interface with the Bureau of State Payroll Consolidated Miscellane...
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No Cost
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| Major Deliverable: The Contractor must accept system interface with the Bureau of State Payroll Consolidated Miscellaneous Deduction Vendor secured website. All data transmitted shall comply with all information technology security procedures of the Department.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: A financial consequence will be assessed against the Contractor in the event the Contractor fails to complete the task in the amount of $100.00 per day until the task is completed.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 11 |
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12
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Financial asset management service
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The Contractor shall monitor all contributions for IRS limits.
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No Cost
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| Major Deliverable: The Contractor shall monitor all contributions for IRS limits.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 12 |
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13
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Financial asset management service
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The Contractor must maintain an Internal Revenue Service (IRS) pre-approved volume submitter plan th...
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No Cost
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| Major Deliverable: The Contractor must maintain an Internal Revenue Service (IRS) pre-approved volume submitter plan that it is qualified under Internal Revenue Code Section 401(a).
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 13 |
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14
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Financial asset management service
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The Contractor will provide information associated with a Participant’s account, including but not l...
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No Cost
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| Major Deliverable: The Contractor will provide information associated with a Participant’s account, including but not limited to: investment balances, allocations, contributions, distributions, earnings, investment management fees, current demographic information including physical and email addresses, places of employment, beneficiaries, and other information necessary for the proper administration of a Participant’s account.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 14 |
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15
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Financial asset management service
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The Contractor will submit an email confirmation the following business day after payroll contribut...
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No Cost
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| Major Deliverable: The Contractor will submit an email confirmation the following business day after payroll contributions are received by the Contractor.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 15 |
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16
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Financial asset management service
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The Contractor will perform daily back-ups of payroll files which are sent off-site for disaster rec...
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No Cost
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| Major Deliverable: The Contractor will perform daily back-ups of payroll files which are sent off-site for disaster recovery.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: A financial consequence will be assessed against the Contractor in the event the Contractor fails to complete the task in the amount of $100.00 per day until the task is completed.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 16 |
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17
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Financial asset management service
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The Contractor will provide a list of its participants that have received a distribution.
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No Cost
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| Major Deliverable: The Contractor will provide a list of its participants that have received a distribution.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 8 |
| Deliverable Number: 17 |
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18
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Financial asset management service
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The Contractor will provide an account summary report that includes information by fund (such as bal...
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No Cost
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| Major Deliverable: The Contractor will provide an account summary report that includes information by fund (such as balances, contributions, transfers, withdrawals etc.).
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 7 |
| Deliverable Number: 18 |
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19
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Financial asset management service
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The Contractor will provide the total payroll tax savings to the State of Florida.
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No Cost
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| Major Deliverable: The Contractor will provide the total payroll tax savings to the State of Florida.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 8 |
| Deliverable Number: 19 |
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20
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Financial asset management service
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To verify that the tasks identified as deliverables have been performed, the Contractor will provide...
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No Cost
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| Major Deliverable: To verify that the tasks identified as deliverables have been performed, the Contractor will provide a quarterly report by the 15th business day at the end of each quarter.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 8 |
| Deliverable Number: 20 |
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21
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Financial asset management service
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The Contractor will provide a monthly report that identifies the number of participants that have no...
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No Cost
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| Major Deliverable: The Contractor will provide a monthly report that identifies the number of participants that have not been terminated with a balance in their accounts, the number or terminated participants with a balance, the number of contributing participants, the total number of participant accounts, the number of OPS filled positions identified by Department of Management Services, total contributions for the month, and total assets in the Program.
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| Deliverable Price: $0.00 |
| Non Price Justification: Price cannot be determined until the work has been completed |
| Performance Metrics: The Contractor must demonstrate the provision of deliverables under the Contract in accordance with this section as part of its presentation of deliverables for acceptance. Tangible deliverables shall be presented to the Contract Manager for acceptance. If a deliverable is intangible, the Contractor shall provide monthly, quarterly and annual reports, in the Statement of Services as evidence of the provision of the deliverables. The Department may independently verify the provision of deliverables beyond the methods described in this contract.
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| Financial Consequences: If the Contractor defaults in the performance of any covenant or obligation contained in the Contract, including without limitation the minimum level of service required for each deliverable, or in the event of any material breach of any provision of the Contract by the Contractor, the Department may, in its sole discretion, provide notice and an opportunity to cure the default rather than exercise the remedy of termination.
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| Source Documentation Page Reference: 8 |
| Deliverable Number: 21 |
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