RFP26006446 Cost Proposal Template.xlsx

This is a cost proposal template for RFP26006446, issued by the Rhode Island Department of Administration's Office of Risk Management to procure commission-based insurance broker services. The solicitation seeks proposals for a master insurance broker to manage the State's insurance portfolio across multiple coverage lines. The RFP addresses four primary insurance categories: Master Property Policy (representing 35.5% of the portfolio), Railroad insurance (29.8%), Excess Auto Liability (4.0%), and Medical Malpractice (3.21%), with these percentages totaling 72.5% of the overall portfolio. The template structure indicates that vendors must propose commission rates for each line of business, with calculations multiplying the portfolio percentage by the proposed rate percentage to determine the cost contribution for each category, ultimately resulting in a total blended average commission rate across all insurance products.

The cost proposal template requires vendors to enter proposed commission rates as percentages for each insurance line of business in the yellow-shaded data entry areas. The template calculates the total blended average cost proposal by multiplying each line item's portfolio percentage by the corresponding proposed commission rate. Vendors are evaluated based on their ability to provide competitive, commission-based pricing structures while managing the State's multi-line insurance portfolio. The document indicates this is revision 12-8-16 of the bid sheet format, suggesting the State may have used similar procurement templates previously. No specific submission deadline, contract term, renewal options, or award information is provided in this cost proposal template alone.