SFH Bid pricing worksheet.pdf

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Attached to
Lender Placed Insurance Services Federal contract opportunity
Solicitation number
12C0BA20R0006
Issued by
Department of Agriculture Rural Housing Service

About this file

This solicitation requests proposals for lender placed insurance services for properties with mortgages backed by the USDA Rural Housing Service. The contractor will be responsible for providing hazard insurance coverage and various ancillary services for insured properties located across the United States, Puerto Rico and the Virgin Islands. Specific requirements include placing lender forced placed insurance policies, handling claims, maintaining an insurance tracking system, and performing various administrative tasks. The base period of performance is one year with four optional one-year extensions. Pricing should be provided on a per property basis by location. Proposals are due by the date specified in the solicitation and the contract will be awarded to the offeror who provides the best value to the government.

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Other files for this federal contract opportunity

Other files attached to Lender Placed Insurance Services, newest first.
File Type Posted
Amendment 0001 to Solicitation 12C0BA20R0006.pdf PDF
MFH Bid pricing worksheet.pdf PDF
Bid Schedule - Contractor Price.pdf PDF
LPI synopsis- final.pdf PDF
LPI PWS of Solicitation to post.pdf PDF

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Text version

Single Family Housing (SFH)

1. Increased Cost of Compliance (ICC) coverage is a part of standard flood insurance policies available under the Federal Emergency Management Agency’s (FEMA’s) National Flood Insurance Program (NFIP). The ICC fee of $33.00 is required for each account per annum on provided lender placed flood insurance. Reference https://www.fema.gov/increased-cost-compliance-coverage.

Coverage Location Rate / Per Hundred Total Rate Value plus ICC Fee (annum)

Flood Premium

FL, LA, TX $2.00 / $100 $2.00/$100 + $33.00

Rest of US $1.05 / $100 $2.00/$100 + $33.00

Puerto Rico $2.50 / $100 $2.00/$100 + $33.00

Virgin Islands $2.20 / $100 $2.00/$100 + $33.00

Hazard Premium

FL, LA, TX $0.80 / $100 n/a

Rest of US $0.90/ $100 n/a

Puerto Rico $1.00 / $100 n/a

Virgin Islands $1.00 / $100 n/a

Wind Premium

FL, LA, TX $1.01 / $100 n/a

Rest of US $0.95 / $100 n/a

Puerto Rico $1.80 / $100 n/a

Virgin Islands $1.80 / $100 n/a

2. Provide the following rates per identified CLIN: Supply the extended total based on the “PLUG” value shown

Location Rate / Per Hundred ICC Fee Insured value Total Rate Value

FL, LA, TX $33.00 $250,000.00

Rest of US $33.00 $400,000.00 Puerto Rico $33.00 $40,000.00

Virgin Islands $33.00 $10,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00

CLIN 0002

Base Year: 30 Dec 2020 thru 29 Dec 2021

Hazard Premium

Wind Premium

Coverage

Flood Premium

CLIN 0002 TOTAL =

Location Rate / Per Hundred ICC Fee Insured value Total Rate Value

FL, LA, TX $33.00 $250,000.00

Rest of US $33.00 $400,000.00 Puerto Rico $33.00 $40,000.00

Virgin Islands $33.00 $10,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00

Location Rate / Per Hundred ICC Fee Insured value Total Rate Value

FL, LA, TX $33.00 $250,000.00

Rest of US $33.00 $400,000.00 Puerto Rico $33.00 $40,000.00

Virgin Islands $33.00 $10,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00

Coverage

Flood Premium

Wind Premium

Hazard Premium

Wind Premium

CLIN 2002

Option Year 2: 30 Dec 2022 thru 29 Dec 2023

CLIN 1002

Hazard Premium

Option Year 1: 30 Dec 2021 thru 29 Dec 2022 Coverage

Flood Premium

CLIN 1002 Total=

CLIN 2002 TOTAL =

After completing the worksheet – transfer the total dollar values to the Bid/Schedule spreadsheet.

Include your worksheet in the proposal submission.

DO NOT include the ICC Fee in the totals – it is based on quantities of properties which is unknown.

Location Rate / Per Hundred ICC Fee Insured value Total Rate Value

FL, LA, TX $33.00 $250,000.00

Rest of US $33.00 $400,000.00 Puerto Rico $33.00 $40,000.00

Virgin Islands $33.00 $10,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00

Location Rate / Per Hundred ICC Fee Insured value Total Rate Value

FL, LA, TX $33.00 $250,000.00

Rest of US $33.00 $400,000.00 Puerto Rico $33.00 $40,000.00

Virgin Islands $33.00 $10,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00 FL, LA, TX n/a $2,500,000.00 Rest of US n/a $11,000,000.00 Puerto Rico n/a $200,000.00

Virgin Islands n/a $150,000.00

Hazard Premium

Wind Premium

CLIN 3002

Option Year 3: 30 Dec 2023 thru 29 Dec 2024

Coverage

Flood Premium

Coverage

Flood Premium

CLIN 3002 TOTAL =

CLIN 4002 TOTAL =

Hazard Premium

Wind Premium

CLIN 4002

Option Year 4: 30 Dec 2024 thru 29 Dec 2025

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