| 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 200 runs. 2. Conduct stress tests on a set of insurance companies for Office Stress tests involve conducting up to 400 model runs on hurricane scenarios (provided by the Office) across insurance companies. Task includes, but not limited to processing the input insurance policy file data provided by the Office, running the insurance data through the model using the scenario storms and vulnerability functions, and generating required output, and providing output reports to the Office.
3. Generate documentation and status reports. Each status report shall include all specific tasks accomplished in the prior period, their target and actual completion dates. Document will include report on additional work not listed in the SOW. Due by May 31, 2024 $400,000, July 31, 2024 $400,000, and September 30, 2024 $473,439.
Renewal - $800,000 December 31,2024, $600,000 March 31,2025, $873,439 June 2025 - A2 Extended June payment until September 30, 3025. Amendment A3 Payment Schedule: December 31, 2025 $800,000, March 31, 2026 $600,000, September 30, 2026 $873,439.
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| Deliverable Price: $2,273,439.00 |
| Non Price Justification: |
| Performance Metrics: Generate documentation and status reports. |
| Financial Consequences: Payment withheld until detailed status reports are delivered and accepted by the Office. |
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