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INSURANCE, PROPERTY
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This contract is for enhancements to the Florida Public Hurricane Loss Projection Model which is hou...
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Fixed Fee / Unit Rate
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| Major Deliverable: This contract is for enhancements to the Florida Public Hurricane Loss Projection Model which is housed at Florida International University (FIU).
DELIVERABLES
1. Develop new wind interpolation code.
2. Determine appropriate basin size.
3. Determine optimal size of wind model calculation.
4. Model storm surge & associated inundation.
5. Gather storm intensity data.
6. Model impact of waves.
7. Explore the transected based wave model
8. Develop interface between wind field & roughness models.
9. Design optimized system for stochastic simulations.
10. Determine basin size for freshwater flood modeling.
11. Collect inland flooding depth data.
12. Collect freshwater flooding data.
13. Identify requirements related to storm surge.
14. Initiate data call for potential sources of data.
15. Develop methods to identify uninsured properties.
16. Perform updated exposure study.
17. Gather peer reviewed literature
18. Gather post-storm damage assessment.
19. Construct library of test-bed cases.
20. Define hazard model output.
21. Develop strategy for multi-hazard vulnerability.
22. Develop methodology for loading models
23. Establish methodologies for thresholds
24. Identify claims data from NFIP
25. Perform survey of literature on modeling.
26. Analyze collected actuarial data.
27. Select the computer architecture.
28. Purchase & set up hardware & software.
29. Conduct training sessions with staff.
30. Perform requirements analysis.
31. Design computer code.
32. Test computer code.
33. Develop interaction code.
34. Design database schema
35. Develop database procedures.
36. Design database schema to store data.
37. Develop database procedures to clean up data
38. Assess distributional fits as needed.
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| Deliverable Price: $1,543,300.00 |
| Non Price Justification: |
| Performance Metrics: There will be no Performance Metrics for when the first payment is due to FIU on September 30, 2013.
The October 31, 2013 payment shall be paid when Deliverables 2,3,5,10,13,14,27,29 have been performed. The January 31, 2014 payment shall be paid when Deliverables 1,7,11,15,17 & 35 have been performed.
The April 30, 2014 payment shall be paid when Deliverables 4,18,20,24,25, & 28 have been performed.
The June 30, 2014 payment shall be paid when Deliverables 6,8,9,12,16,19,21,22,23,26,30,31,32,33,34,36 have been performed.
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| Financial Consequences: Payment will be delayed or withheld if Reports and Testing are not done per contract. |
| Source Documentation Page Reference: |
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Financial and Insurance Services
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This Addendum #1 for FY 2014-15 is for the Second Year of Enhancements for the Florida Public Hurric...
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Fixed Fee / Unit Rate
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| Major Deliverable: This Addendum #1 for FY 2014-15 is for the Second Year of Enhancements for the Florida Public Hurricane Loss Projection Model which is housed at Florida International University (FIU) in Miami, Florida. This Addendum has 62 Tasks/Deliverables. Due to the limited space in FACTS, they all cannot be referenced. Please refer to the addendum for all of them. However, there shall be quarterly detailed status reports that include all specific tasks accomplished. The report will include additional work not listed in the SOW. These reports are due quarterly by October 31, 2014, December 31, 2014, March 31, 2015 and June 30, 2015. |
| Deliverable Price: $1,543,300.00 |
| Non Price Justification: |
| Performance Metrics: Payments will be made per terms in Addendum #1. Payment Schedule is as follows: Oct. 31, 2014 ($300,000), Dec. 31, 2014 ($450,000), March 31, 2015 ($450,000), & June 30, 2015 ($343,300). |
| Financial Consequences: Payment will be delayed or withheld if reports and testing are not done per contract/addendum. |
| Source Documentation Page Reference: |
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Financial and Insurance Services
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This Addendum #3 for FY 2015-16 is for the Third Year of Enhancements for the Florida Public Hurrica...
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Fixed Fee / Unit Rate
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| Major Deliverable: This Addendum #3 for FY 2015-16 is for the Third Year of Enhancements for the Florida Public Hurricane Loss Projection Model which is housed at Florida International University (FIU) in Miami, Florida. This Addendum has 68 Tasks/Deliverables. Due to the limited space in FACTS, they all cannot be referenced. Please refer to the addendum for all of them. However, there shall be quarterly detailed status reports that include all specific tasks accomplished. The report will include additional work not listed in the SOW. These reports are due quarterly by December 31, 2015, March 31, 2016, and June 30, 2016.
Payment Schedule is December 31, 2015 ($900,000), March 31, 2016 ($500,000), and June 30, 2016 ($300,000). |
| Deliverable Price: $1,700,000.00 |
| Non Price Justification: |
| Performance Metrics: Quarterly Reports are submitted and reviewed. Invoices will be submitted for payment upon approval of reports. |
| Financial Consequences: OIR has the right to withhold payment if tasks are not being performed per the tasks in the addendum. |
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Financial and Insurance Services
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Addendum #4 for FY 2016-17 is for the Fourth and Final Year of the Enhancements for the Florida Publ...
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Fixed Fee / Unit Rate
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| Major Deliverable: Addendum #4 for FY 2016-17 is for the Fourth and Final Year of the Enhancements for the Florida Public Hurricane Loss Projection Model which is housed at Florida International University (FIU) in Miami, Florida. This Addendum has 56 Tasks/Deliverables and are spread over four quarters of the Fiscal Year. Due to the limited space in FACTS, they all cannot be referenced. Please refer to Addendum #4 for all of them. However, there shall be quarterly detailed status reports that include all specific tasks accomplished. The report will also include at times, additional work not listed in the SOW. These reports are due at the end of each calendar quarter. The Payment Schedule is as follows: September 30, 2016 ($325,000), December 31, 2016 ($325,000), March 31, 2017 ($100,000), and June 15, 2017 ($100,000). |
| Deliverable Price: $850,000.00 |
| Non Price Justification: |
| Performance Metrics: Quarterly Reports are submitted and reviewed. Invoices will be submitted for payment upon approval of reports.
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| Financial Consequences: OIR has the right to withhold payment if tasks are not being performed per the tasks in the addendum. |
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