Attachment O, Quotation Documentation

This is a quotation documentation attachment for the Florida Department of Management Services' Government Crime Insurance Invitation to Bid (ITB). The document outlines the specific requirements that bidders must include when submitting their quotations as a single consolidated PDF document. Bidders are required to provide documentation demonstrating that any proposed insurer maintains an AM Best Key Financial Rating of at least A- (A minus) or a Financial Performance Rating of V from the current AM Best's Key Rating Guide, with ratings printed directly from the AM Best Rating Services website. Additionally, bidders must specify the proposed policy period(s) and associated rate(s) for the policy terms, including any percentage loss ratio thresholds that would trigger reevaluation of premium and deductible pricing for subsequent policy periods when multiple policy terms are offered. Bidders must also submit either a specimen policy or a comprehensive list of policy forms for the proposed coverage.

The Department of Management Services intends to make a single award to the lowest responsive and responsible bidder in accordance with Florida Statutes sections 287.057(1) and 287.022, though the Department reserves the right to make no award if deemed in the best interest of the State. The procurement officer is Jill Soderberg, and all communications regarding the solicitation should be directed to her email with the solicitation number included in the subject line. Interested vendors must submit responses through the MyFloridaMarketPlace Sourcing Event via the SAP Business Network, and vendors are responsible for monitoring the Vendor Information Portal (VIP) throughout the procurement process for updates and decisions.