Exhibit C_Cost Proposal.docx

This document is Exhibit C - Cost Proposal for a Competitive Solicitation (RFQQ - 2025 0523) issued by Washington State Ferries (WSF) seeking a Fuel Hedge Program Advisor and Qualified Independent Representative. The solicitation requests a contractor to provide guidance on WSF's Fuel Hedging Program, with the primary objectives of reducing exposure to fuel price volatility, achieving lower long-term fuel costs, and advising on distributor-controlled fuel hedges on behalf of WSDOT/WSF.

The cost proposal requires bidders to complete a detailed pricing table with estimated monthly hours and an all-inclusive hourly rate for two positions. A critical pricing constraint is that all cost proposals exceeding $130,000 will be deemed non-responsive. The document provides instructions for bidders to outline their proposed team members, hourly rates, and estimated monthly hours, with a requirement to include additional cost rate tables if more positions are needed to complete the project tasks. Bidders must ensure all columns are filled out, as incomplete submissions may be disqualified from further consideration in the procurement process.