REQUEST FOR PROPOSALS - Indianapolis International Airport

indication of any proposed additional charges. See “disclosure” statement
below for further information in completing your response with regard to
fee proposal and overall compensation. DO NOT APPROACH THE
INSURANCE MARKET. At this time the Authority is only seeking a response
based on your organization’s knowledge and experience. See Attachment
A for current insurance placement and premium. Premiums shown per
Attachment A do not include any commissions.
Disclosure of Income: Describe the transparency policies and procedures
your company has in place to ensure disclosure of ALL income, (direct,
indirect, contingent, affiliated company, etc.) received by your company
and/or affiliates in connection with the placement of the Authority’s
property and casualty insurance program.
Fee income: A “fee for service” compensation format to the awarded
broker is preferred by the Authority. Please provide:
1. An annual “set” consulting or brokerage fee for all services rendered;
2. A detailed breakdown of all services included in the “set” fee; and
3. The methodology used in determining the fee.
Proposers should also include a detailed summary of any additional
services including the price for all such services, (if any), rendered that
would be considered outside of the fee proposal.
Commission income: If commission compensation is to be included in
whole or in part, describe the total package of services incorporated into
any and all commission rates where applicable, (i.e. consulting, loss
control, claims admin). Please provide a detailed summary of any
additional services including the price for all such services rendered that
would be considered outside of the commission rate.
4.2.4 Proposal Life
A statement must be included that indicates the length of time during
which the Authority may rely on all proposal commitments. The Authority
requires that this period of time not be less than 180 days from the due
date for submission of proposals. Any proposal accepted by the Authority
for the purpose of contract negotiations must remain as committed
through the contract negotiation period.
4.2.5 Signature of Authorized Representative
A person authorized to commit the Respondent to its representations
must sign the transmittal letter. Such person’s authority to so act must be
consistent with the information contained in Section 4.3.9 of this RFP.
4.2.6 Other Information
4.3 BUSINESS PROPOSAL
This item is optional. Any other information the Respondent may wish to
briefly summarize will be acceptable.
The Business Proposal must address the following topics except those specifically
identified as “optional.”
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