Ocean Marine Hull and PI, and Open Cargo Insurance
Title:  

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

Open Date:  

6/3/2025

Questions Due Date:  

6/10/2025

Close Date:  

6/16/2025

Last Updated:  

6/14/2025

Description:
The Department of Management Services (DMS) is issuing this Invitation to Bid (ITB) to establish a multi-year State Term Contract for Ocean Marine Insurance and Open Cargo Insurance. The successful bidder will provide commodities and/or contractual services as described in Attachment A, Scope of Work. The contract term is specified in Attachment H, Draft Contract. The Department intends to make a single award, but reserves the right to make no award or award to another vendor if necessary. • The ITB includes a detailed timeline of events, including the solicitation posting date, question submission deadline, and bid submission deadline. • Bidders must submit a signed Attachment B, Mandatory Responsive Requirements, and provide pricing on Attachment C, Price Sheet. • The Department will evaluate bids based on the lowest calculated premium, and the contract will be awarded to the responsive and responsible bidder. • The successful bidder must register with the Florida Department of State, complete a Florida Substitute Form W-9, and provide a PUR 7801 Vendor Certification Form prior to contract execution.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Jill Soderberg(Procurement Officer)

jill.soderberg@dms.fl.gov

(850) 488-7996

Budget Estimate (AI):

$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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