Attachment D - Performance Standards and Financial Consequences.pdf
PDF 84 KB Posted
- Solicitation number
- ITB-15674
- Issued by
- Leon County, Florida
About this file
This document is a Performance Standards and Financial Consequences attachment for ITB No. DMS-25/26-039, concerning Investment Consulting and Monitoring Services for Optional Annuity and Retirement Programs. The contractor must meet or exceed specified performance standards at all times, with financial penalties imposed for non-compliance. Key deliverables include quarterly Investment Performance Review meetings (due by the 25th business day following quarter-end dates of March 31st, June 30th, September 30th, and December 31st), quarterly Investment Performance Reports (due by the 20th business day following quarter-end), an Annual Comprehensive Investment Performance Report (due by the 20th business day after year-end), and an Annual Comprehensive Investment Performance Review (due by the 25th business day after year-end). Additional requirements include ad hoc consulting meetings within two business days of the Department's request, Evidence of Completion documentation by the date specified by the Contract Manager, meeting minutes within three business days, and timely timesheet submissions.
Financial consequences are uniformly set at $100 per business day for each delayed deliverable, accruing until the item is received or the meeting is held. The Department reserves the right to temporarily modify performance standards with prior written approval. All performance standards must be achieved one hundred percent of the time, with no exceptions permitted under normal circumstances.
View the file
Other files
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
ITB No.: DMS-25/26-039 Page 1 of 1
Investment Consulting and Monitoring Services for Optional Annuity and Retirement Programs
ATTACHMENT D – PERFORMANCE STANDARDS AND FINANCIAL
CONSEQUENCES
The Contractor shall meet or exceed the Performance Standards identified below. The Department shall impose financial consequences upon the Contractor for failure to comply as set forth below. A Performance Standard may be temporarily modified, when required, upon prior written approval of the Department.
All performance standards must be met one hundred percent (100%) of the time.
PERFORMANCE STANDARDS FINANCIAL CONSEQUENCES
Investment Performance Review meetings in accordance with Section 4.1.1.1, Attachment A, Scope of Work.
Quarter end dates: March 31st, June 30th, September 30th, and December 31st.
$100, per Business Day, after the 25th Business Day of the quarter end date, until held.
Investment Performance Reports in accordance with Section 4.1.2.2, Attachment A, Scope of Work.
Quarter end dates: March 31st, June 30th, September 30th, December 31st.
$100, per Business Day, after the 20th Business Day of the quarter end date, until received by the Department.
Annual Comprehensive Investment Performance Report in accordance with Section 4.2.1, Attachment A, Scope of Work.
$100, per Business Day, after the 20th business day after year end.
Annual Comprehensive Investment Performance Review in accordance with Section 4.2.2, Attachment A, Scope of Work.
$100, per Business Day, after the 25th business day after year end until held.
Ad Hoc Consulting in accordance with Section 4.3.1, Attachment A, Scope of Work.
$100, per Business Day, after two (2) Business Days of the Department’s request for a meeting.
Evidence of Completion documentation in accordance with Section 4.3.1.1, Attachment A, Scope of Work.
$100, per Business Day, beyond the date indicated by the Department’s Contract Manager, until received.
Meeting minutes in accordance with Section 4.3.4.3, Attachment A, Scope of Work.
$100, per Business Day, beyond the third Business Day until received by the Department.
Timesheet Submission in accordance with Section 4.4, Attachment A, Scope of Work.
$100, per Day, for each day past the due date until submitted.
File details come from the government source that posted it. Updated .