C250382_Insurance_Memo_RM_Response_08-10-26.pdf
PDF 989 KB Posted
- Solicitation number
- 250382
- Issued by
- Orange County, California
About this file
This is an insurance requirements memo from the Orange County Transportation Authority (OCTA) regarding RFP 250382 for Deferred Compensation Plan Investment Advisory and Consulting Services. The memo documents internal communications between Edwin Byrne and Gina Torres, Senior Contract Administrator, dated August 7-10, 2026, concerning the revision of professional liability insurance requirements for consultant proposals. The contract solicitation seeks qualified consultants to provide investment advisory services to assist the Authority's Deferred Compensation Plan Committee with fiduciary responsibilities, with a budgeted amount of $225,000 for a five-year term.
The memo establishes that Professional Liability (Errors and Omissions) Insurance requirements were revised from the original conditional language in Article 9.A.5 to a mandatory requirement. Edwin Byrne approved the insurance specifications with the modification that Professional Liability insurance with minimum limits of $2,000,000 per claim and $2,000,000 annual aggregate should be a firm requirement rather than contingent upon whether the consultant is required by contract or law to be licensed or specially certified. This revision was confirmed in Byrne's response to Torres on August 10, 2026, providing the exact language for the contract modification.
View the file
Other files
Show all 17
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
Gina Torres
From: Edwin Byrne Sent: Monday, August 10, 2026 8:09 AM To: Gina Torres Subject: RE: RFP 250382 Deferred Compensation Plan Investment Advisory and Consulting
Services - Insurance Review
Hi:
Here is the recommended language revision:
Professional Liability (Errors and Omissions) Insurance with minimum limits of $2,000,000 per claim and $2,000,000 annual aggregate.
Edwin
From: Gina Torres <gtorres@octa.net> Sent: Monday, August 10, 2026 8:06 AM To: Edwin Byrne <ebyrne@octa.net> Subject: RE: RFP 250382 Deferred Compensation Plan Investment Advisory and Consulting Services - Insurance Review
Hi Edwin, Thank you for the chat just now. Please provide the exact language that is replace the Article 9. A 5 below.
5. Professional Liability with minimum limits of $1,000,000 only if the CONSULTANT is required by contract or law to be licensed or specially certified and AUTHORITY is relying on performance based on that specialty license or certification.
Thank you, Gina Torres | Senior Contract Administrator Contracts Administration and Materials Management Orange County Transportation Authority
714.560.5566 | 714.560.5792 550 South Main Street | PO Box 14184 | Orange, CA 92863-1584 CAMM - Procurement with Integrity Please consider the environment before printing this e-mail.
From: Edwin Byrne <ebyrne@octa.net> Sent: Friday, August 7, 2026 12:59 PM To: Gina Torres <gtorres@octa.net> Subject: RE: RFP 250382 Deferred Compensation Plan Investment Advisory and Consulting Services - Insurance Review
Yes ma’am TGIF!
Approved except Professional Liability (Errors and Omissions) Insurance with minimum limits of $2,000,000 per claim and $2,000,000 annual aggregate should be a requirement not “required if…”.
Edwin
From: Gina Torres <gtorres@octa.net> Sent: Friday, August 7, 2026 12:11 PM To: Edwin Byrne <ebyrne@octa.net> Subject: RFP 250382 Deferred Compensation Plan Investment Advisory and Consulting Services - Insurance Review
TGIF Edwin!
Can you please review the attached in Regie’s absence.
Thank you, Gina Torres | Senior Contract Administrator Contracts Administration and Materials Management Orange County Transportation Authority
714.560.5566 | 714.560.5792 550 South Main Street | PO Box 14184 | Orange, CA 92863-1584 CAMM - Procurement with Integrity Please consider the environment before printing this e-mail.
File details come from the government source that posted it. Updated .