| More |
Deliverable Number
|
Commodity/Service Type
|
Major Deliverable
|
Method of Payment
|
|
|
|
Insurance services for structures and property and possessions
|
1. Provide model related services to FL-the Office, including, but not limited to processing the inp...
|
Fixed Fee / Unit Rate
|
| Major Deliverable: 1. Provide model related services to FL-the Office, including, but not limited to processing the input insurance policy data file provided by the Office, running the insurance data through the model and generating annual average loss cost and PML estimates, and providing output reports to the Office at the Office's request. Limited to 100 runs. 2. Generate documentation and status reports. Each quarterly detailed status report shall include all specific tasks accomplished in the prior quarter, their target and actual completing dates. Document will include report on all additional work not listed in the SOW. FY 2019-2020 Due quarterly by December 30, 2019 $450,000, March 30,2020 $250,000 and June 30, 2020 $269,689. |
| Deliverable Price: $969,689.00 |
| Non Price Justification: |
| Performance Metrics: Quarterly detailed status report. |
| Financial Consequences: Payment withheld until quarterly detailed status report are delivered and accepted by the Office. |
| Source Documentation Page Reference: |
| Deliverable Number: |
|
|
|
|
Insurance services for structures and property and possessions
|
FIU to perform additional stress test on up to 65 companies involving approximately 243 runs. Provid...
|
Fixed Price - Lump Sum
|
| Major Deliverable: FIU to perform additional stress test on up to 65 companies involving approximately 243 runs. Provide loss estimates by coverage, construction type, policy type, program code, territory, zip code, statewide, and combination hereof, with demand surge, net of deductible. |
| Deliverable Price: $53,912.00 |
| Non Price Justification: |
| Performance Metrics: Results of Stress Tests for up to 65 companies involving approximately 243 runs, must be performed. Output files will be submitted to be checked and verified. |
| Financial Consequences: No payment will be made to FIU until OIR receives results of the stress test runs. |
| Source Documentation Page Reference: |
| Deliverable Number: |
|
|
|
|
Insurance services for structures and property and possessions
|
The Florida Public Hurricane Loss Projection Model is housed at Florida International University (FI...
|
Fixed Fee / Unit Rate
|
| Major Deliverable: The Florida Public Hurricane Loss Projection Model is housed at Florida International University (FIU). It is the first public, transparent model of its kind in the United States. OIR runs residential insurance rate filings through the Public Model. The Model serves as a benchmark for determining the windstorm portion of the rates for Citizens Property Insurance Corporation. Payments for Fiscal Year 2017-18 shall be paid as follows: December 31, 2018 ($450,000), March 31, 2019 ($250,000), & June 30, 2019 ($269,689). These three payments equal $969,689. |
| Deliverable Price: $969,689.00 |
| Non Price Justification: |
| Performance Metrics: Performance Metrics: Statistical Reports generated as needed and conducting tests as required. Tasks for the FPHL Model Operation and Maintenance, Acceptability, and Model Upgrades are numerous. Please look at Pages 2-4 to see the tasks for the Wind and Flood Model Operation and Maintenance, Acceptability, and Model Upgrades. |
| Financial Consequences: If deliverables are not done, payment will be withheld from FIU. |
| Source Documentation Page Reference: |
| Deliverable Number: |
|
|
|
|
Insurance services for structures and property and possessions
|
The Florida Public Hurricane Loss Projection Model is housed at Florida International University (FI...
|
Fixed Fee / Unit Rate
|
| Major Deliverable: The Florida Public Hurricane Loss Projection Model is housed at Florida International University (FIU). It is the first public, transparent model of its kind in the United States. OIR runs residential insurance rate filings through the Public Model. The Model serves as a benchmark for determining the windstorm portion of the rates for Citizens Property Insurance Corporation. Payments for Fiscal Year 2017-18 shall be paid as follows: February 15, 2018 ($450,000), March 31, 2018 ($250,000), & June 30, 2018 ($269,689). These three payments equal $969,689. |
| Deliverable Price: $969,689.00 |
| Non Price Justification: |
| Performance Metrics: Performance Metrics: Statistical Reports generated as needed and conducting tests as required. Tasks for the FPHL Model Operation and Maintenance, Acceptability, and Model Upgrades are numerous. Please look at Pages 4-7 to see the tasks for the Wind and Flood Model Operation and Maintenance, Acceptability, and Model Upgrades. |
| Financial Consequences: If deliverables are not done, payment will be withheld from FIU. |
| Source Documentation Page Reference: Pages 4-7 |
| Deliverable Number: |
|
|
|
|
Insurance services for structures and property and possessions
|
FIU to perform additional stress test on up to 65 companies involving approximately 164 runs. Provid...
|
Fixed Fee / Unit Rate
|
| Major Deliverable: FIU to perform additional stress test on up to 65 companies involving approximately 164 runs. Provide loss estimates by coverage, construction type, policy type, program code, territory, zip code, statewide, and combination hereof, with demand surge, net of deductible. |
| Deliverable Price: $41,978.00 |
| Non Price Justification: |
| Performance Metrics: Results of Stress Tests for up to 65 companies involving approximately 164 runs, must be performed. Output files will be submitted to be checked and verified. |
| Financial Consequences: No payment will be made to FIU until OIR receives results of the stress test runs. |
| Source Documentation Page Reference: 1 |
| Deliverable Number: |
|
|
|
|
Insurance services for structures and property and possessions
|
FIU to perform additional stress test on up to 73 companies involving approximately 303 runs. Provid...
|
Fixed Fee / Unit Rate
|
| Major Deliverable: FIU to perform additional stress test on up to 73 companies involving approximately 303 runs. Provide loss estimates by coverage, construction type, policy type, program code, territory, zip code, statewide, and combination hereof, with demand surge, net of deductible and without deductible. |
| Deliverable Price: $57,613.00 |
| Non Price Justification: |
| Performance Metrics: Statistical reports generated as a result of the stress tests. |
| Financial Consequences: No payment will be made to FIU until OIR has received the results from the additional stress tests. |
| Source Documentation Page Reference: |
| Deliverable Number: |
|