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Nationwide Lender-Placed Insurance

ID: NLPI24 • Type: Sources Sought
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Description

Posted: July 10, 2024, 4:32 p.m. EDT

This is a Sources Sought Notice

Introduction:

The U.S. Department of Agriculture (USDA), Rural Development (RD) Servicing Office (SO) in St. Louis, MO, is soliciting information on potential sources to provide Nationwide Lender-Placed Insurance Services. The anticipated NAICS Code (North American Industry Classified System) 524210 Insurance Agencies and Brokerages

THIS IS A SOURCES SOUGHT NOTICE ONLY. This is not a solicitation or a request for proposal and no contract will be awarded from this notice. No solicitation or specifications are available currently. This sources sought will not be linked to the solicitation.

Description:

The Contractor shall provide all resources necessary to accomplish the requirements described in the attached PWS. The Contractor shall provide all personnel, equipment, supplies, facilities, transportation, tools, materials, supervision, and other items to manage Lender-Placed Insurance services for USDA RD. The services shall include lender-placed insurance, inspections of property damages, check printing, mail service of lender-placed insurance correspondence, loss processing, loss-drafts, flood determination, information management services for analysis reporting, and insurance tracking services. The Contractor shall continuously update and enhance information made available to USDA RD, technology and the performance of their overall service delivery, in a manner consistent with industry standards.

It is expected that the firms responding to this sources sought possess the qualifications, expertise and understanding to fulfill the above mentioned services. It is also expected that the firms will follow the compliance and remain consistent with all Federal, State and local statues, regulations and standards.

AGAIN, THIS IS NOT A REQUEST FOR PROPOSALS. This is for planning purposes only and is a market research tool seeking sources to meet all requirements in PWS stated above.

If your organization can provide these services set forth in the PWS, please respond to this RFI via email and provide your capability statements, questions or clarifications related to the attached PWS to both brookelyn.nelson@usda.gov and ryan.shappell@usda.gov.

Posted: July 10, 2024, 4:09 p.m. EDT
Background
The U.S. Department of Agriculture (USDA), Rural Development (RD) Servicing Office (SO) in St. Louis, MO, is soliciting information on potential sources to provide Nationwide Lendor-Placed Insurance Services.

Work Details
The Contractor shall provide all resources necessary to accomplish the requirements described in the attached PWS. The Contractor shall provide all personnel, equipment, supplies, facilities, transportation, tools, materials, supervision, and other items to manage Lender-Placed Insurance services for USDA RD. The services shall include lender-placed insurance, inspections of property damages, check printing, mail service of lender-placed insurance correspondence, loss processing, loss-drafts, flood determination, information management services for analysis reporting, and insurance tracking services. It is expected that the firms responding to this sources sought possess the qualifications, expertise and understanding to fulfill the above mentioned services. It is also expected that the firms will follow the compliance and remain consistent with all Federal, State and local statues, regulations and standards.

Place of Performance
Nationwide

Overview

Response Deadline
July 19, 2024, 4:00 p.m. EDT Past Due
Posted
July 10, 2024, 4:09 p.m. EDT (updated: July 10, 2024, 4:32 p.m. EDT)
Set Aside
None
PSC
None
Place of Performance
Washington, DC 20250 United States
Source
SAM

Current SBA Size Standard
$15 Million
Est. Level of Competition
Low
Est. Value Range
Experimental
$5,000,000 - $20,000,000 (AI estimate)
Signs of Shaping
The solicitation is open for 8 days, below average for the Rural Development.
On 7/10/24 Rural Development issued Sources Sought NLPI24 for Nationwide Lender-Placed Insurance due 7/19/24. The opportunity was issued full & open with NAICS 524210.
Primary Contact
Name
Brookelyn Nelson   Profile
Phone
None

Secondary Contact

Name
Ryan Shappell   Profile
Phone
None

Documents

Posted documents for Sources Sought NLPI24

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Additional Details

Source Agency Hierarchy
AGRICULTURE, DEPARTMENT OF > RURAL HOUSING SERVICE > USDA RURAL DEVELOPMENT
FPDS Organization Code
12E3-1231ME
Source Organization Code
100184705
Last Updated
July 10, 2024
Last Updated By
brookelyn.nelson@usda.gov
Archive Date
Aug. 3, 2024