Ocean Marine Hull and PI, and Open Cargo Insurance
Agency:Florida Department of Management Services (DMS)
State:Florida
NAICS Code:524210
Industry:Insurance
Solicitation Type:Invitation for Bid
Solicitation ID:25-64121511-ITB
6/3/2025
Questions Due Date:6/10/2025
Close Date:6/16/2025
Last Updated:6/14/2025
Please visit the bid source via the “Link to Bid Source” button below for documentation.
Jill Soderberg(Procurement Officer)
jill.soderberg@dms.fl.gov
(850) 488-7996
$1,200,000 – $2,000,000
Based on the historical premium spend provided in the ITB, the average annual premium for Ocean Marine Hull is $299,287, and the four-year average for Open Cargo is $12,833. Considering these figures, the estimated budget for the contract could range from $300,000 to $500,000 per year, depending on the selected insurer's quotation and the Department's requirements. The total contract value for the multi-year term could be between $1,200,000 and $2,000,000.
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