Contract Summary

This document is Amendment No. 1 to DEP Contract No. PL213, a state contract between the Florida Department of Environmental Protection (FDEP) and Tallahassee Title Group, Inc., d/b/a Tallahassee Title Group, LLC. The amendment was executed on April 11, 2013, and reflects a contract renewal and rate reduction negotiated pursuant to Chapter 2010-151, Laws of Florida, which requires state agencies to review existing contract renewals with private providers in an effort to reduce contract payments.

The contract covers title products and closing services for real property transactions across three regions. Key services include title searches and commitments ($275.00 per parcel), ownership and encumbrance reports ($350.00 per parcel), title insurance policies at promulgated rates, closing services ($250.00 for closings under $1,000,000 and $0.00 for closings over $1,000,000), and specialized services including quick response products, closing issue resolution, general title research, and expert witness services at hourly rates of $45.00 to $65.00 per hour. The amendment extends the contract completion date from May 9, 2013, to May 9, 2015, exercising the first of three available renewal options. All pricing in the revised rate schedule includes personnel and labor costs, travel expenses, miscellaneous expenses, and applicable overhead multipliers. The Department reserves the right to request up to 5% annual rate increases upon written justification and detailed supporting documentation.