| Major Deliverable: 1. Provide model related services to FL-the Office, including, but not limited to processing the input insurance policy file data 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 completion dates. Document will include report on additional work not listed in the SOW. Due quarterly by December 31, 2020,March 31, 2021 and June 30, 2021.
December 31, 2020 $500,000
March 31, 2021 $250,000
June 30, 2021 $219,689
Amendment 1 to include - Perform stress tests on up to 67 companies involving approximately 246 runs $52,940
Amendment #2 Continued maintenance for the Hurricane Loss Model Project.
December 31, 2021 $450.00
March 31, 2021 $300,000
June 30, 2022 $281,689
Amendment #3 Additional models run for stress testing output files.
December 31, 2022 $62,000
Amendment #4 Additional models runs to preview portfolios of certain property and casualty insurers.
December 31, 2022 $450,000
March 31, 2023 $300,000
June 30, 2023 $281,689 |
| Deliverable Price: $3,148,007.00 |
| Non Price Justification: |
| Performance Metrics: Quarterly detailed status report.
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| Financial Consequences: Payment withheld until quarterly detailed status report are delivered and accepted by the Office.
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| Source Documentation Page Reference: |
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