Sources Sought - Fiduciary Liability Insurance Tender, USA - 115574393

Procurement Summary

Country : USA

Summary : Sources Sought - Fiduciary Liability Insurance

Deadline : 14 Mar 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 115574393

Document Ref. No. : 2031JW25S00001

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Description

This Sources Sought Notice is being issued for the purposes of:

(1) Conducting market research to determine common and customary industry practices.

(2) Assisting the Office of the Comptroller of the Currency (OCC) to determine the number of potential respondents capable and interested in providing fiduciary liability insurance, consulting services, and training sessions to and for the OCC and the Office of Thrift Supervision (OTS) 401(K) Retirement Plans.

(3) Determining industry capabilities and best practices, including those of small businesses, to meet OCC-s need for fiduciary insurance, insurance consultation, insurance training. A draft statement of work is attached.

(4) Providing a price model to help OCC establish lifecycle costs for a one to two (2) year contract.

If businesses are interested, please provide responses to address the statements outlined in the Submission Requirements.

Submission Requirements

In order to be considered an Interested Vendor/Party, a response is required for the below statements:

Provide confirmation your firm is capable of meeting all of tasks listed in the attached draft Statement of Work. Explain if any exceptions for tasks listed would be needed. List any of your firm-s relevant industry certifications, licenses and accolades related to the tasks outlined in the draft Statement of Work. List reputable insurance carriers you-ve partnered with to provide fiduciary liability insurance coverage. List 3 clients similar in size, scope and complexity to the OCC plans and coverage requested, provide a high-level description of the contract services and provide references. Provide a rough order of magnitude (cost estimate) for the OCC minimum coverage amount. State your firm-s capability to provide renewal (option year) pricing and how many option years (if capable). Provide any other recommendations/requirements to strengthen and foster competition Responses shall be in single-spac...
Active Contract Opportunity
Notice ID : 2031JW25S00001
Related Notice
Department/Ind. Agency : TREASURY, DEPARTMENT OF THE
Sub-tier : OFFICE OF THE COMPTROLLER OF THE CURRENCY
Office: OFFICE OF MANAGEMENT / CFO
General Information
Contract Opportunity Type: Sources Sought (Original)
Original Published Date: Feb 28, 2025 02:52 pm EST
Original Response Date: Mar 14, 2025 05:00 pm EDT
Inactive Policy: 15 days after response date
Original Inactive Date: Mar 29, 2025
Initiative: None

Classification
Original Set Aside:
Product Service Code:
NAICS Code: 524210 - Insurance Agencies and Brokerages

Place of Performance: Washington, DC 20219 USA

Documents

 Tender Notice