Financial_Proposal_Instructions___Form-RFP_Actuarial_SIF_25-01.xlsx
XLSX spreadsheet 15 KB Posted
- Solicitation number
- BPM050894
- Issued by
- Baltimore County, Maryland
About this file
This document is a Financial Proposal Instructions and Form for the Subsequent Injury Fund (SIF) issued by the State of Maryland, specifically for Solicitation No. SIF 25-01 seeking an Actuarial Analysis of Projected Liability and Assessment Mechanism. The document provides comprehensive instructions for offerors on how to complete and submit their financial proposal, with detailed guidelines about pricing, calculations, and submission requirements. The financial proposal aims to secure services for a comprehensive actuarial analysis, with offerors required to submit fully-loaded pricing that includes all associated costs and expenses.
The financial proposal instructions emphasize strict compliance with formatting and calculation requirements, including rounding to the nearest cent, clearly entering unit and extended prices, and ensuring every blank is filled. All proposed prices must be fully loaded, encompassing labor, profit, overhead, administrative, and operational expenses. The state does not guarantee minimum or maximum usage, and any option years for contract renewal will be at the sole discretion of the state. Failure to adhere to the instructions precisely may result in the proposal being deemed not reasonably susceptible for award. The final submission requires the offeror's authorized representative's signature, company details, contact information, and a total proposed fully-loaded price.
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| File | Type | Posted |
|---|---|---|
| SIF-25-01_Actuarial_Analysis_of_Projected_Liability___Assessment_Mechanism_RFP.docx | DOCX document |
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Instructions
| SUBSEQUENT INJURY FUND (SIF) | |
| FINANCIAL PROPOSAL FORM - SOLICITATION NO. SIF 25-01 | |
| ACTUARIAL ANALYSIS OF PROJECTED LIABILITY AND ASSESSMENT MECHANISM | |
| In order to assist Offerors in the preparation of their Financial Proposal and to comply with the requirements of this solicitation, Financial Proposal Instructions and a Financial Proposal Form have been prepared. Offerors shall submit their Financial Proposal on the Financial Proposal Form in accordance with the instructions on the Financial Proposal Formand as specified herein. Do not alter the Financial Proposal Form or the Proposal may be determined to be not reasonably susceptible of being selected for award. The Financial Proposal Form is to be signed and dated, where requested, by an individual who is authorized to bind the Offeror to the prices entered on the Financial Proposal Form. | |
| The Financial Proposal Form is used to calculate the Offeror’s TOTAL Proposal PRICE. Follow these instructions carefully when completing your Financial Proposal Form: | |
| A) | All Unit and Extended Prices must be clearly entered in dollars and cents, e.g., $24.15. Make your decimal points clear and distinct. |
| B) | All Unit Prices must be the actual price per unit the State will pay for the specific item or service identified in this RFP and may not be contingent on any other factor or condition in any manner. |
| C) | All calculations shall be rounded to the nearest cent, e.g., .344 shall be .34 and .345 shall be .35. |
| D) | Any goods or services required through this RFP and proposed by the vendor at No Cost to the State must be clearly entered in the Unit Price, if appropriate, and Extended Price with $0.00. |
| E) | Every blank in every Financial Proposal Form shall be filled in. Any changes or corrections made to the Financial Proposal Form by the Offeror prior to submission shall be initialed and dated. |
| F) | Except as instructed on the Financial Proposal Form, nothing shall be entered on or attached to the Financial Proposal Form that alters or proposes conditions or contingencies on the prices. Alterations and/or conditions may render the Proposal not reasonably susceptible of being selected for award. |
| G) | It is imperative that the prices included on the Financial Proposal Formhave been entered correctly and calculated accurately by the Offeror and that the respective total prices agree with the entries on the Financial Proposal Form. Any incorrect entries or inaccurate calculations by the Offeror will be treated as provided in COMAR 21.05.03.03.F, and may cause the Proposal to be rejected. |
| H) | If option years are included, Offerors must submit pricing for each option year. Any option to renew will be exercised at the sole discretion of the State and comply with all terms and conditions in force at the time the option is exercised. If exercised, the option period shall be for a period identified in the RFP at the prices entered in the Financial Proposal Form. |
| I) | All Financial Proposal prices entered below are to be fully loaded prices that include all costs/expenses associated with the provision of services as required by the RFP. The Financial Proposal price shall include, but is not limited to, all: labor, profit/overhead, general operating, administrative, and all other expenses and costs necessary to perform the work set forth in the solicitation. No other amounts will be paid to the Contractor. If labor rates are requested, those amounts shall be fully-loaded rates; no overtime amounts will be paid. |
| J) | Unless indicated elsewhere in the RFP, sample amounts used for calculations on the Financial Proposal Form are typically estimates for evaluation purposes only. Unless stated otherwise in the RFP, the AGENCY does not guarantee a minimum or maximum number of units or usage in the performance of the Contract. |
| K) | Failure to adhere to any of these instructions may result in the Proposal being determined not reasonably susceptible of being selected for award. |
Financial Proposal Form
| SUBSEQUENT INJURY FUND (SIF) |
| FINANCIAL PROPOSAL FORM - SOLICITATION NO. SIF 25-01 |
| ACTUARIAL ANALYSIS OF PROJECTED LIABILITY AND ASSESSMENT MECHANISM |
| The Financial Proposal Form shall contain all price information in the format specified on these pages. |
| Complete the Financial Proposal Form only as provided in the Financial Proposal Instructions |
| Do not amend, alter or leave blank any items on the Financial Proposal Form. |
| If option years are included, Offerors must submit pricing for each option year. |
| Failure to adhere to any of these instructions may result in the Proposal being determined not reasonably susceptible of being selected for award. |
The Fully-Loaded Price to the State of Maryland for the services described within the above referenced Request for Proposals is
| $ | |
| TOTAL PROPOSED FULLY-LOADED PRICE** | |
| ** Figure used as basis for financial evaluation. |
| Fully Loaded Price shall include all general, administrative, and indirect costs necessary to provide all services described in the RFP. |
| No additional monies shall be paid to the contractors for costs associated with this Contract. |
| Submitted by: | |
| Signature of Authorized Representative | Date |
| Printed Name and Title: | |
| Telephone: | |
| Email address: | |
| Bidder Company Name: | |
| Bidder Company Address: | |
| Location(s) from which goods/services will be provided/performed (City/State): |
| FEIN: |
| eMMA #: |
Submit with Bid/Proposal
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