25-64121509-ITB Miscellaneous Property Attachment C Price Sheet.xlsx
XLSX spreadsheet 29 KB Posted
- Attached to
- Inland Marine - Miscellaneous Property Insurance
- Solicitation number
- ITB-13034
- Issued by
- Leon County, Florida
About this file
This is a Price Sheet (Attachment C) for an Invitation to Bid (ITB No. 25-64121509-ITB) issued by the Florida Department of Management Services for a Miscellaneous Property Insurance State Term Contract. The solicitation covers comprehensive property insurance for various state agencies and universities, with a total insured value of $26,528,574.18 across five equipment categories including miscellaneous property, radio and television equipment, and specific property floaters for university assets. The contract will run for five consecutive policy periods from August 8, 2025, to August 8, 2030, with brokers able to bid on one or more consecutive periods. Key dates include a June 18, 2025 deadline for questions and a July 8, 2025 bid submission deadline at 10:00 AM Eastern Time.
The pricing structure requires brokers to submit annual rates per $100 of insured value for each equipment type, with discounted premiums calculated using the most recent ten-year inflation rate from the Survey of Professional Forecasters (currently 2.35%). The Department intends to make a single award but reserves the right to make no award if deemed in the state's best interest. Eligible users are limited to non-Agency state entities with a Department of Financial Services State Risk Management Trust Fund Certificate. Bidders must have valid insurance licenses, demonstrate 10 years of experience in insurance placement, and possess an AM Best Key Financial Rating of at least A. The historical annual premium for the previous contract averaged $63,310, though this is not a guaranteed spend amount.
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INSTRUCTIONS
| Solicitation No. 25-64121509-ITB |
| Miscellaneous Property Insurance |
| Attachment C |
| Price Sheet Instructions |
| 1. | Brokers will download the Microsoft® Excel file Attachment C, Price Sheet. Review and follow these instructions and the general information as provided in the Price Sheet. | ||
| 2. | Brokers are required to supply accurate and complete information. Pricing must be based upon the coverage outlined in the ITB and current market rates. | ||
| 3. | The Price Sheet is locked and will move automatically to the areas highlighted in yellow where information is requested. | ||
| 4. | A Bidder may provide pricing for either Policy Period 1; Policy Periods 1 and 2; Policy Periods 1, 2 and 3; Policy Periods 1, 2, 3 and 4; or Policy Periods 1, 2, 3, 4 and 5. No other combination of Policy Periods will be accepted or scored by the Department. Failure to provide consecutive pricing will result in the Bid being deemed non-responsive. Information regarding how the pricing provided will be scored is specified in the ITB, with specifics in Section 2.9, Basis of Award. | ||
| 5. | Bidders not submitting pricing for Policy Periods 2, 3, 4 or 5 should not input any data into those pricing fields; pricing fields are coded for a numeric response, and anything other than a numeric response will render an error. | ||
| 6. | For each equipment type shown on the Price Sheet, Bidder must submit an annual rate per $100 of insured value. | ||
| The Underwriter may assess different rates to each Equipment Type listed below: | |||
| 1. Miscellaneous Property | |||
| 2. Radio and Television Equipment Floater | |||
| 3. Miscellaneous Property Floater for FAU Athletics Video Production Trailer | |||
| 4. Miscellaneous Property Floater for FSU Kitchen trailer and contents | |||
| 5. Miscellaneous Property Floater for UF Camera | |||
| When notating the Rate per $100 of Insured Value, amounts cannot include ten millionths or lower decimal places (e.g. $0.0000005) | |||
| Bidders should not include Terrorism Risk Insurance (TRIA) premium pricing, as this coverage is not required on this Policy. | |||
| The Total Premium (TP) is the auto-calculated total of the Premium Subtotal for a Policy Period, plus any amounts for assessments and/or fees bid for that Policy Period. | |||
| The price sheet automatically calculates the Discounted Premium (DP) and Calculated Premium (CP) based on information input by a Bidder. The DP and CP are for scoring of the Bidder’s Price Sheet only and will not become part of any resulting awarded Contract. | |||
| The DP for a Policy Period is calculated using the following formulas: | |||
| DP for Policy Period 1 (PP1) = PP1 is not discounted. | |||
| DP for Policy Period 2 (PP2) = PP2/(1+R)^P1 | |||
| DP for Policy Period 3 (PP3) = PP3/(1+R)^P2 | |||
| DP for Policy Period 4 (PP4) = PP4/(1+R)^P3 | |||
| DP for Policy Period 5 (PP5) = PP5/(1+R)^P3 | |||
| Where: | |||
| R = The most recent ten-year inflation rate from the most recent Survey of Professional Forecasters. Percentages are expressed as decimals for calculation purposes | |||
| https://www.philadelphiafed.org/research-and-data/real-time-center/survey-of-professional-forecasters/historical-data/inflation-forecasts | |||
| 2025 Q2 2.35 | |||
| To calculate the CP for a Bid for Policy Period 1 only, the CP is equal to the DP. | |||
| To calculate the CP for a Bid for multiple Policy Periods, the CP is the AVERAGE of the DP’s for Policy Periods 1, 2, 3 and 4, as submitted by the Bidder. | |||
| If there are any fees or assessments associated with the proposed Insurance Policy, they must be identified as follows: | |||
| a. | If any statutorily required and authorized assessments are to be included, identify the name of that assessment, and its applicable percentage of the premium subtotal associated with the applicable Policy Period. The Price Sheet will auto-calculate the associated cost for the assessment for that Policy Period. | ||
| b. | Any other fee shall be identified by name; and Bidder shall input the total annual cost of that fee for the Policy Period bid. | ||
| c. | For an inspection fee, if applicable, a Bidder must input the associated total annual cost for the Policy Period bid. | ||
| d. | In accordance with subsection 626.932(4), Florida Statutes, surplus lines tax fees shall not be assessed. | ||
| If awarded a Contract, the Bidder (Contractor) will not be allowed to impose any fee not listed in the Price Sheet for a Policy Period, unless required by statute. | |||
| Other than providing the required bid information within the Price Sheet, the responding Bidder may not alter the information, specifications, or contents of the Price Sheet, as created by the Department. Any such alteration of the Price Sheet specifications or contents may result in the Bidder being deemed non-responsive and its response not scored. Bidders are reminded that only one Price Sheet may be submitted by a Bidder. | |||
| Once filled-in, upload the filled-in Microsoft® Excel file within the MFMP Sourcing Application. Do not convert the Price Sheet to a PDF. | |||
| If there is a conflict between this Instructions tab and the Price Sheet tab, the Instructions on this tab will control. |
https://www.philadelphiafed.org/research-and-data/real-time-center/survey-of-professional-forecasters/historical-data/inflation-forecasts
PRICE SHEET
| Solicitation No. 25-64121509-ITB |
| Miscellaneous Property Insurance |
| Attachment C |
| Price Sheet |
| Broker Name: |
| Period (P) → | 1 | 2 | 3 | 4 | ||||||||
| The most recent ten-year inflation rate from the Survey of Professional Forecasters (R) → | 2.35% | 2.35% | 2.35% | 2.35% | ||||||||
| Equipment Type | Total Insured Value as of 5/8/2025 | Policy Period (PP) 1 8/8/25-8/8/26 | Policy Period (PP) 2 8/8/26-8/8/27 | Policy Period (PP) 3 8/8/27-8/8/28 | Policy Period (PP) 4 8/8/28-8/8/29 | Policy Period (PP) 5 8/8/29-8/8/30 | ||||||
| Rate per $100 of Insured value | Annual Premium | Rate per $100 of Insured value | Annual Premium | Rate per $100 of Insured value | Annual Premium | Rate per $100 of Insured value | Annual Premium | Rate per $100 of Insured value | Annual Premium | |||
| 1 | Miscellaneous Property | $ 12,738,802.57 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| 2 | Radio and Television Equipment Floater | $ 11,803,978.61 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| 3 | Miscellaneous Property Floater for FAU Athletics Video Production Trailer | $ 957,193.00 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| 4 | Miscellaneous Property Floater for FSU Kitchen Trailer and Contents | $ 835,000.00 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| 5 | Miscellaneous Property Floater for UF Camera | $ 193,600.00 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Total Insured Value Combined → | $ 26,528,574.18 |
Premium Subtotal → $ - 0 $ - 0 $ - 0 $ - 0 $ - 0
| ASSESSMENTS OR FEES | ||||||||||||||||||
| (as applicable) | Assessment (insert name of Assessment & Statute) | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | |||||||
| Assessment (insert name of Assessment & Statute) | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | ||||||||
| Assessment (insert name of Assessment & Statute) | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | 0.00% | $ - 0 | ||||||||
| Policy Fee (if applicable) | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | |||||||||||||
| Inspection Fee (if applicable) | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 | |||||||||||||
| Fee (insert name of Fee) | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
Total Premium (TP) → $ - 0 $ - 0 $ - 0 $ - 0 $ - 0
Discounted Premium (DP) → $ - 0 NO BID NO BID NO BID NO BID
Calculated Premium (CP) → $ - 0
File details come from the government source that posted it. Updated .