Attachment 003 - QA Responses - Insurance Brokerage.xlsx
XLSX spreadsheet 13 KB Posted
- Attached to
- Insurance Brokerage IDIQ
- Solicitation number
- FRTIB1-22-Q-0010
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Other files
| File | Type | Posted |
|---|---|---|
| FRTIB1-22-Q-0010 M0001 Insurance Brokerage.pdf | ||
| Attachment 002 - FRTIB Banned Technologies.pdf | ||
| Attachment 003 - QA Template - Insurance Brokerage.xlsx | XLSX spreadsheet | |
| Sol_FRTIB1-22-Q-0010.pdf | ||
| Attachment 001 - NDA Contractor (CTR) Company.docx | DOCX document |
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Sheet1 Question No. Reference Question Category Question Response
| 1 | Section L | Technical Volume | Is it allowable to create an Appendix to the technical volume with resumes for the team due to page limitation? | Yes. An Appendix to the technical volume may be created to include resumes. |
| 2 | Section I | Contract Clauses | Would FRTIB like these completed and included as an Appendix to the submission or shall we simply indicate that we are in compliance in our Cover letter with a current SAM registration? | Section I includes the FAR clauses relevant to this solicitaion and any resulting contract. Section K includes the Representations and Certifications. In accordance with Section K, submission of proposals acknowledges that the offeror has completed electronic annual representations and certifications within the System for Award Management website. Submitting a hard copy of the certs & reps is not necessary. |
| 3 | A.2. Objectives | General / SOW | Section A.2. Objectives states "… insurance for protecting Agency Assets including 'FUNDING FOR PARTICIPANTS and BENEFICIARIES.'' Does the insurance policies in place for the current Scope of Work include coverage for the Investment Managment Activities for Assets Under Management (AUM)? in the various investment funds managed in the TSP? | The scope of the services are not inclusive of TSP manged funds. This language has been removed from this section. |
| 4 | A.3. Scope | General / SOW | Are each of the Insurance Policies identified in Section "B.1. Cotract Line Number (CLIN) Structure" actually in place currently? If not, which policies are NOT currently in place? | The policies currently not in place are CLINs 0002 - Cyber Insurance Policy & CLIN 0006 Consultant Services. |
| 5 | B.1. (CLIN) Structure | Supplier or Services and Prices / Cost | Please provide the current Premium for each insurance policy placed pursuant to CLINs 01 -05 (Erisa / Crime Bond, Cyber, Fiduciary Liability, Umbrella, Commercial Liability). | The current contract cost and pricing data is procurement sensitive information and cannot be disclosed. |
| 6 | C.1.1 / C.1.2 Erisa Bond Crime / Fiduciary Liability | Exposure / Underwriting | What is the current value of the defined contribution plan and the number of participants? | The scope of the services are not inclusive of TSP managed funds. |
| 7 | C.1.1 / C.1.2 Erisa Bond Crime / Fiduciary Liability | Exposure / Underwriting | Does fiduciary Liability Policy only cover TSP employee benefit plans and transactions – or - does it cover any of the investment funds AUM? | The investment funds are not part of fiduciary liability policy. |
| 8 | C.1.1 / C.1.2 Erisa Bond Crime / Fiduciary Liability | Exposure / Underwriting | Who are the Insurance current carriers for the crime and fiduciary polices? | Marsh USA |
| 9 | C.1.1 / C.1.2 Erisa Bond Crime / Fiduciary Liability | Exposure / Underwriting | Will the supplier / broker be able to choose the insruance carriers for the placments (Crime / ERISA) or will they be dictated by FRTIB? | The Brokers role will be to advise what is best for the Agency. The policies will be chosen by FRTIB. |
| 10 | C.1.3 Commercial General Liability | Exposure / Underwriting | How many offices / leases / locations does FRTIB hold which are covered by insurance and what is the total Square Footage? | There is only 1 location, 77K. Estimated square footage per floor is 31K (9th to 11th floors from present to March 2026) and (7th and 8th floors from present to March 2023) |
| 11 | C.1.3 Commercial General Liability | Exposure / Underwriting | Please provide the types / Description of "Assets" contemplated in the various amounts pin CLINs 05-01 through 05-08; (i.e. Furniture, Fixtures, Office Equipment, Computer Equipment, Leasehold Improvements, etc.)? | Furniture, Office Equipment, Computer Equipment, Appliances and Agency employee personal property onsite at 77K. |
| 12 | C.1.4 Excess and Umbrella | Exposure / Underwriting | What are the total limits placed for the Umbrella and Excess Insurance Policy? | Umbrella & Aggregate - $7 Million, EDP Property on premises $20 million, personal property $4million |
| 13 | C.1.5 Cyber Policy | Exposure / Underwriting | What are the total limits placed for the Cyber Policy? What is the Retention? | The Cyber Policy limits are to be reasonably based on industry standards using the best judgment from prospective offerors |
| 14 | C.1.5 Cyber Policy | Exposure / Underwriting | Does Cyber include Technology E&O in addition to Cyber first Party and third party Coverage? | This determination will be made at the order level based on the Agency's need. |
| 15 | L.4. Price Quote | Supplier or Services and Prices / Cost | Please clarify what the "NTE" Price is to reflect. In Section "L.4. Price Quote", in the fifth sentence it states "… Offerors shall propose a fixed price premium cost for each insurance package …"; Should the CLINs "NTE" reflect insurance "premium" inclusive of Offerers fee/ price ... or just the Offerers fee/ fixed price for the CLIN? | The not to exceed (NTE) amount is only applicable to CLIN 0006 - Consultant. CLINs 0001 through 0005 shall be proposed at a firm fixed price. The premium is the fixed price cost for each policy. Fees, commissions and profits should be absorbed into the premium. The premium is the price FRTIB will pay for each policy. |
| 16 | L.4. Price Quote | Supplier or Services and Prices / Cost | Please clarify what the "NTE" Price is to reflect. In Section "L.4. Price Quote", in the fifth sentence it states "… Offerors shall propose ... an hourly labor rate for consulting services…"; Should the CLINs "NTE" for CLIN 06 reflect a fixed fee or hourly labor rate? | The fixed houly rate for CLIN 0006 serves as a unit price to establish a ceiling for the consulting services. Offerors shall propose a total price for CLIN 0006(and subsequent CLIN 6, i.e. 1006, 2006) by multiplying the hourly rate by the number of hours requested each year. This amount shall not be exceeded by the contractor. |
| 17 | C.1.5 Cyber Policy | Exposure / Underwriting | Does the Cyber policy cover the investment funds managed and employee sign-ups, plan management, and Digital Investment Advisory dashboards / portal? | The investment funds are not covered under the Cyber policy. |
| 18 | Incumbent information | I would like to confirm if the effort mentioned above considered as new requirement or are there incumbent contract(s)? If there is an incumbent vendor(s), would you be able to provide the contract details (such as: Vendor Name, Contract Number, Award and end dates, total contract value) please? | The majority of this effort is a follow on to an existing requirement. CLINs 0001, 0003, 0004 & 0005 are currently covered under existing contract actions. CLINs 0002 & 0006 are a new requirement. Order numbers are FRTIB1-22-P-0023, TIB-2022-P-0012, TIB-2022-P-0011. Award dates are 12/14/2021, end dates are 12/15/2022. The incumbent vendor is Marsh McLennan. The contract values will not be be disclosed. | |
| 19 | Estimated total value | Is an estimated maximum ceiling value available for this requirement? | FRTIB chooses not to disclose the IGCE data or ceiling value for this requirement |
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