Contract Information

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES	Agency Contract ID: OIR-18-SC
Long Title: I0681-Spudeck Consulting LLC	Vendor Name: RAYMOND SPUDECK
Total Contract Amount: $34,999.00	Total Budgetary Amount: $34,999.00
Total Payment To Date: $34,779.75	Date of Execution: 03/01/2019
General Description: The services of the Contractor as an expert economist are now required to support the Office in the execution of its duties under the Florida Statutes and to achieve its statutory mission. As directed by the Commissioner or his designee, the economist will support the Office by advising on financial regulatory matters and providing financial guidance and training to Office staff on issues involving the National Association of Insurance Commissioners (NAIC).

Details
Deliverables
Payments
Documents
Audits

Main Information

Agency Contract ID: OIR-18-SC

FLAIR Contract ID: I0681

Short Title: I0681-SC

Long Title: I0681-Spudeck Consulting LLC

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 03/01/2019

Date of Beginning: 04/01/2019

Original End Date: 04/01/2020

New Ending Date:

Agency Service Area: OIR

Statutory Authority: 624.307

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: Single source $2,500 or greater, not to exceed Category Two [Rule 60A-1.002(3), F.A.C.]

State Term Contract ID:

Contract’s Exemption Justification: Pursuant to Section 20-121 specifically paragraph (3)(a)1, The Office of Insurance Regulation, which shall be responsible for all activities concerning insurers and other risk bearing entities.

Agency Reference Number:

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $33,575.00

Total Contract Amount: $34,999.00

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $34,999.00

Total Budgetary Amount: $34,999.00

Total Unfunded Amount: $0.00

As of Date: 11/22/2019

Download Budget Information

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount	Account Code	Fiscal Year Effective Date	FY	Cost Accumulator	Agency Amendment Reference
$1,424.00	43-10-2-393001-43900120-00-100777-00	11/22/2019	2019-2020
$33,575.00	43-10-2-393001-43900120-00-100777-00	05/03/2019	2018-2019

Contract Change

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Change Type	Amendment Amount	Agency Amendment Reference	Change Description	Amendment Effective Date	Amendment Execution Date	New Ending Date
Amendment	$1,424.00	I0681 A1	Additional hours required	11/21/2019	11/21/2019

Vendor

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Name Line 1	Name Line 2	City State Zip	Minority Vendor Designation
RAYMOND SPUDECK	SPUDECK K CONSULTING, LLC	TALLAHASSEE FL 323170000	Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.

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Deliverable Number

Commodity/Service Type

Major Deliverable

Method of Payment

Development assistance

Contractor Responsibilities. Hourly rate $79 per hour billed in 15 minute increments. The Contrac...

Fixed Fee / Unit Rate

Major Deliverable: Contractor Responsibilities. Hourly rate $79 per hour billed in 15 minute increments. The Contractor will perform the following tasks, duties, and responsibilities necessary to complete work assigned by the Commissioner or his designee in conformity with this Statement of Work: a. Attend and provide a written report within seven (7) days of the following regularly scheduled NAIC meetings: i. NAIC Group Capital Calculation Working Group meetings; ii. NAIC Capital Adequacy Task Force meetings; iii. NAIC Risk Based Capital Working Groups meetings, to include the IIRBC, the P&C RBC and the Health; iv. NAIC Valuation of Securities Task Force meetings; v. NAIC International Supervisory Issues (G Committee) meetings and act as liaison with the Federal Supervisory Counterparts (Federal Reserve, Federal Insurance Office and the International Association of Insurance Supervisors; vi. NAIC Financial Stability Task Force and its related Liquidity Risk Working Group meetings; vii. NAIC Reinsurance Task Force meetings; viii. NAIC Analysis for Financial Analysis Groups meetings, including MAWG and FAWG, and provide investment-related support to Office personnel as needed for the Office to actively participate with the NAIC and other state agencies regarding the activities of these groups. b. Develop and conduct educational seminars for Office personnel as directed by the Commissioner. Within seven (7) days of such a request, the Contractor will provide to the Commissioner or his designee a full outline any such proposed training for review and approval. c. As directed by the Commissioner or his designee the Contractor will complete requested analytic, research or other projects within his area of expertise.

Deliverable Price: $34,999.00

Non Price Justification:

Performance Metrics: The Contractor warrants that: (1) the services will be performed by qualified personnel; (2) the services will be of the kind and quality described in Attachment 2, Statement of Work; (3) the services will be performed in a professional and workmanlike manner in accordance with industry standards and practices; (4) the services will not and do not infringe upon the intellectual property rights, or any other proprietary rights, of any third party; and (5) any person or entity, whether an agent or independent contractor, that performs work on the Contract for the Contractor (Contractor Representative) will comply with any security requirements and processes as provided by the Office, or provided by the Office’s customer, for work done at the Office or other locations. The Office reserves the right to investigate or inspect at any time whether the services or qualifications offered by the Contractor meet the Contract requirements. Notwithstanding any provisions to the contrary, written acceptance of a particular deliverable/minimum requirement does not foreclose the Office’s remedies in the event those performance standards that cannot be readily measured at the time of delivery are not met.

Financial Consequences: The State of Florida (State) reserves the right to withhold payment when the Contractor has failed to perform or comply with the provisions of this Contract.

Source Documentation Page Reference:

Deliverable Number:

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Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.

Payment Details

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"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.

Fiscal Year

Total Amount

2019-2020

$10,902.00

2018-2019

$23,877.75

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents

Click on the pdf icon or Agency Document Link to view the document

Document Type	Document Reference #	Executed Date	Document Add Date	Agency Document Link	View
Original Contract	Original Contract - I0681	03/01/2019	5/17/2019 2:33:12 PM
Amendment	I0681 A1	11/21/2019	11/22/2019 8:54:47 AM

Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

No audits have been conducted on this contract at this time.

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Florida Department of Financial Services: F.A.C.T.S