Provide risk management services related to transportation facilities and to conduct training in the principles of risk

The Florida Department of Transportation (FDOT) Master Agreement CAO84 is an Indefinite Delivery Vehicle (IDV) focused on providing comprehensive risk management services for transportation facilities. The contract enables procurement of specialized consulting services, including cost and schedule risk analysis (CSRA), project management training, risk management workshops, and detailed project risk assessments. Consultants can conduct in-depth analyses such as Monte Carlo simulations, risk workshops, project documentation reviews, and develop risk-based estimates for transportation infrastructure projects across various contexts, from urban corridors to rural bridge replacements.

The master agreement is awarded to multiple prime contractors, with key awardees including PMA Consultants, L.L.C. and Mead and Hunt, Inc. The contract was established on July 28, 2023, and will remain active until July 27, 2028, covering the state of Florida. The IDV is structured as a master agreement with a total maximum limiting amount of $5,000,000.00, utilizing task work orders for specific project assignments. Compensation is based on loaded labor rates ranging from $109.50 to $287.45 per hour, with task-specific allocations ranging from approximately $28,000 to $47,000 across different fiscal years. The contract allows for flexible, task-based professional services in transportation project management and risk analysis.