Attachment B-1 Financial Proposal Instructions for Specialty Financial Examination & Auditing Services - MIA FR-25-001 EMMA# BPM.xlsx
XLSX spreadsheet 18 KB Posted
- Solicitation number
- BPM054787
- Issued by
- Maryland
About this file
This is a Financial Proposal Instructions document for the Maryland Insurance Administration's Request for Proposals (RFP #MIA/FR-25-001) for Specialty Financial Examination & Auditing Services. The MIA intends to award up to ten contracts—one primary contract and one backup contract for each of five functional areas: Actuarial Services Property & Casualty, Reinsurance Services, Information Technology Audit Services, Actuarial Services Life & Health, and Investment Services. Contractors may propose services in one or more of these functional areas. The contract term spans five years, with estimated hour requirements varying by functional area ranging from 500 to 4,000 hours annually.
Offerors must submit financial proposals using the prescribed format, providing a fully loaded fixed hourly rate for each proposed functional area. The proposal document includes a cost breakdown example showing Year 1 rates for Actuarial Services Property & Casualty at $56.00 per hour with 1,500 estimated hours, totaling $84,000 for that functional area. The estimated hours provided are for evaluation purposes only and do not guarantee minimum or maximum work volumes. Offerors must complete all required fields without amendments or alterations; failure to adhere to proposal instructions may result in the proposal being deemed not reasonably susceptible of selection for award. Proposals must include the offeror's name, address, service delivery locations, FEIN, contact information, authorized signature, and eMMA number.
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Instructions
ATTACHMENT B-1 FINANCIAL PROPOSAL INSTRUCTIONS/eMMA
RFP # MIA/FR-25-001
Instructions
| The Financial Proposal Form shall contain all price information in the format specified on these pages. Complete the Financial Proposal Form only as provided in the Financial Proposal Instructions. Do not amend, alter or leave blank any items on the Financial Proposal Form. The Offeror must provide a separate fully loaded fixed hourly rate (FLFHR) for each functional area included in its proposal, on the form provided and in the required format. |
| If the Offeror is not proposing to offer services in a specified functional area, it should indicate “Not Applicable” or “N/A” in the table for that functional area, or leave that functional area blank. Failure to adhere to any of these instructions may result in the Proposal being determined not reasonably susceptible of being selected for award. |
Cost Breakdown
| ATTACHMENT B-2 |
| FINANCIAL PROPOSAL FORM |
| SPECIALTY FINANCIAL EXAMINATION & AUDITING SERVICES RFP # MIA/FR-25-001 /eMMA#BPM054787 |
| Functional Area 1: |
Actuarial Services Property and Casualty
| Contract Year | FLFHR | Estimated Number of Hours* | Estimated Cost (FLFHR x Estimated Hours) |
| Year 1 | $ 56.00 | 1,500 | $ 84,000.00 |
| Year 2 | 1,500 | $ - 0 | |
| Year 3 | 1,500 | $ - 0 | |
| Year 4 | 1,500 | $ - 0 | |
| Year 5 | 1,500 | $ - 0 | |
| Total: | $ 84,000.00 |
Functional Area 2:
Reinsurance Services
| Contract Year | FLFHR | Estimated Number of Hours* | Estimated Cost (FLFHR x Estimated Hours) |
| Year 1 | 500 | $ - 0 | |
| Year 2 | 500 | $ - 0 | |
| Year 3 | 500 | $ - 0 | |
| Year 4 | 500 | $ - 0 | |
| Year 5 | 500 | $ - 0 | |
| Total: | $ - 0 |
Functional Area 3:
Information Technology Audit Services
| Contract Year | FLFHR | Estimated Number of Hours* | Estimated Cost (FLFHR x Estimated Hours) |
| Year 1 | 4,000 | $ - 0 | |
| Year 2 | 4,000 | $ - 0 | |
| Year 3 | 4,000 | $ - 0 | |
| Year 4 | 4,000 | $ - 0 | |
| Year 5 | 4,000 | $ - 0 | |
| Total: | $ - 0 |
Functional Area 4:
Actuarial Services Life & Health
| Contract Year | FLFHR | Estimated Number of Hours* | Estimated Cost (FLFHR x Estimated Hours) |
| Year 1 | 1,600 | $ - 0 | |
| Year 2 | 1,600 | $ - 0 | |
| Year 3 | 1,600 | $ - 0 | |
| Year 4 | 1,600 | $ - 0 | |
| Year 5 | 1,600 | $ - 0 | |
| Total: | $ - 0 | ||
| Functional Area 5: |
Investment Services
| Contract Year | FLFHR | Estimated Number of Hours* | Estimated Cost (FLFHR x Estimated Hours) |
| Year 1 | 500 | $ - 0 | |
| Year 2 | 500 | $ - 0 | |
| Year 3 | 500 | $ - 0 | |
| Year 4 | 500 | $ - 0 | |
| Year 5 | 500 | $ - 0 | |
| Total: | $ - 0 |
*The estimated hours indicated are for evaluation purposes only and are not a guarantee of a minimum or maximum amount of work.
Total Cost
| ATTACHMENT B-2 | |
| FINANCIAL PROPOSAL FORM | |
| SPECIALTY FINANCIAL EXAMINATION & AUDITING SERVICES RFP # MIA/FR-25-001 /eMMA # BPM054787 | |
| Summary | Total Contract Cost* |
| Actuarial Services Property & Casualty | $ 84,000.00 |
| Reinsurance Services | $ - 0 |
| Information Technology Audit Services | $ - 0 |
| Actuarial Services Life & Health | $ - 0 |
| Investment Services | $ - 0 |
| *Total Contract Cost includes the total estimated costs for the entire five year term for each specified functional area, and will be the basis for evaluation. |
| Submitted By: |
| Authorized Signature: __________________________________________________________________ |
| Date: __________________________________________ |
Printed Name and Title: _______________________________________________________________
| Offeror Name: _____________________________________________________________ |
| Offeror Address: ____________________________________________________________ |
| Location(s) from which services will be performed (City State): ______________________________ |
| FEIN: __________________________ eMMA #_____________________________________ |
| Offeror Contact Information: Telephone (______) ___________ -- _________________ |
| Fax (______) ___________ -- _________________ |
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