AMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT
11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATION
|STANDARD FORM 30 (REV. 10-83)|
March 31, 2000
NOTICE TO ALL OFFERORS
REFERENCE: AMENDMENT NO. 2
Additional information has been requested by prospective offerors and it has been determined by the Contracting Officer that this information be made available to all bidders. The closing date and time for the receipt of proposals remains April 14, 2000, by 2:00 p.m. local time.
Keith A. Bond
KEITH A. BOND
14. RESPONSES TO REQUEST FOR CLARIFICATION
1.) Section B, Page B-1
The incumbent contractor is the McLaughlin Company of Washington, DC.
c. If the bonding program is insured through insurance companies, please identify the insurance companies, please identify the insurance company (ies) currently insuring the risk. a. The McLaughlin Company is the exclusive national agent for Travelers Property Casualty for issuing to employers the Federal Bonding Program's fidelity bonds.
d. Does the McLaughlin Company work in any capacity with an insurance company to administer the bonding program? What is that capacity? a. The McLaughlin Company managers all national activities of the Federal Bonding Program consistent with its contract with U.S.DOL.
2. What are the frequency of audits for this contract?
2a. There is no frequency of audits. Although the Government reserves the right to audit a contract at any time.
3.) The contract was awarded on June 28, 1995, in the amount of $276,392. The total amount awarded was $1,007,319, inclusive of options.
a.) Are the above amounts the administrative fees paid to McLaughlin Company for administering this contract? Please restate the amount awarded by showing the award for each year separately. The above amounts are funds to cover bond premiums and all other expenses incurred in performing the work required by the U.S.DOL contract.
b.) This solicitation is a 100% Small Business Set-Aside. Does the McLaughlin Company meet the criteria for your definition of a Small Business? The McLaughlin Company is a small business.
4.) Please provide experience information for each year of the Federal Bonding Program, i.e.
4a. The annual contract award amount for each program year:
The above amounts are funds to cover bond premiums and all other expenses incurred in performing the work required by the U.S.DOL contract.
7/99-12/99: 288(6 mos. activity)
Number of Bonds Issued
|Bond Amount||Year 1*
|$ 500 to $2,500||440||407||338||19|
|$3,000 to 5,000||858||884||431||316||256|
|$5,500 to 7,500||77||44||9||9|
|$8,000 to 10,000||592||428||134||36||17|
|$10,500 to 12,500|
|$13,000 to 15,000||10||4|
|$15,500 to 17,500|
|$18,000 to 20,000||10|
|$20,500 to 22,500|
|$23,000 to 25,000||41||5||4||6|
Total bond premiums paid for bonds issued in each program year:
|Year||Amount of Premium|
|7/99-12/99:||$23,371 (6 mos. activity)|
The annual number of worker dishonesty claims incurred/total claim amounts paid were as follows:
|Year||Amount of Incurred Claims|
|1997-98:||4 claims/$ 3,489|
5. Our assumptions are that each 12 month contract year starts 6/28 and ends 5/27 of each year. If our assumptions are incorrect, please identify the correct time period that is inclusive of the experience information being requested above. 5a. Each year funding of the Federal Bonding Program contract begins June 28 and ends June 27 of the following year.