Subpart V Cost Grids

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Overview

Totals
508(h) wo CP
508(h) w CP
CP
IBWIP

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Sheet 1: Totals

Totals for Submissions WITHOUT Concept Proposal/Paperwork Package
Costs	One Product	24 Products
Total Private	$129,688.75	$3,112,530.00
Total RMA	$102,733.18	$2,465,596.38
Total External Review	$150,000.00	$3,600,000.00
Totals for Submissions WITH Concept Proposal/Paperwork Package
Costs	One Product	9 Products
Total Private	$129,591.19	$1,166,320.71
Total RMA	$102,733.18	$924,598.64
Total External Review	$150,000.00	$1,350,000.00
Totals for Concept Proposals/Paperwork Package
Costs	One Product	15 Products
Total Private	$1,217.36	$18,260.40
Total RMA	$43.56	$653.40
Total External Review	$10,000.00	$150,000.00
Totals for Index-Based Weather Insurance Products/Paperwork Package
Costs	One Product	2 Products
Total Private	$10,078.76	$20,157.52
Total RMA	$51,593.40	$103,186.80
Total External Review	$150,000.00	$300,000.00
Overall Total Private	$4,317,268.63
Overall Total RMA & External Review	$8,894,035.23

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Sheet 2: 508(h) wo CP

Costs for Submission of 508(h) Products WITHOUT Concept Proposal
Total Submissions WITHOUT Concept Proposal/Paperwork Package =					24
Costs		One Product	24 Products
Total Private		$129,688.75	$3,112,530.00
Total RMA		$102,733.18	$2,465,596.38
Total External Review		$150,000.00	$3,600,000.00
Total for 3 Years			$9,178,126.38
Private occupations	mean hr wage	read hours	wage*hrs	first time hours	wage*hrs	modification hours	wage*hrs	correspon hours	wage*hrs	prep hours	wage*hrs	respond hours	wage*hrs	negotiate hours	wage*hrs	maintenance hours	wage*hrs
11-2020 Market managers	$64.28	2	$128.56	40	$2,571.20		$0.00		$0.00	5	$321.40		$0.00		$0.00		$0.00
11-3021 Computer and information systems manager	$63.74		$0.00	40	$2,549.60		$0.00		$0.00	5	$318.70	40	$2,549.60		$0.00	10	$637.40
11-3031 Financial manager	$60.89		$0.00	10	$608.90		$0.00		$0.00		$0.00	10	$608.90		$0.00		$0.00
27-3042 Technical writer	$33.80		$0.00	250	$8,450.00	150	$5,070.00		$0.00		$0.00	200	$6,760.00		$0.00		$0.00
13-2011 Accountant	$34.86		$0.00	40	$1,394.40	10	$348.60		$0.00		$0.00	20	$697.20		$0.00		$0.00
19-3011 Economist	$48.78	2	$97.56	200	$9,756.00	150	$7,317.00		$0.00	10	$487.80	160	$7,804.80		$0.00	45	$2,195.10
15-1131 Computer programmer	$38.91		$0.00	200	$7,782.00	200	$7,782.00		$0.00		$0.00	100	$3,891.00		$0.00	50	$1,945.50
13-2053 Underwriter	$33.71	2	$67.42	150	$5,056.50	150	$5,056.50		$0.00		$0.00	100	$3,371.00		$0.00	30	$1,011.30
23-2011 Paralegal	$24.60		$0.00	40	$984.00		$0.00	5	$123.00		$0.00	50	$1,230.00	5	$123.00		$0.00
13-1161 Market research	$32.59		$0.00	100	$3,259.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00
15-2041 Statistician	$40.05		$0.00	200	$8,010.00	200	$8,010.00		$0.00		$0.00	150	$6,007.50		$0.00	45	$1,802.25
43-9061 Office Clerk, General	$14.42		$0.00	110	$1,586.20	80	$1,153.60	3	$43.26	15	$216.30	20	$288.40	5	$72.10	10	$144.20
Totals		6	$293.54	1380	$52,007.80	940	$34,737.70	8	$166.26	35	$1,344.20	850	$33,208.40	10	$195.10	190	$7,735.75
Federal occupations	rate @ step 4	first time # emp	hours	Total Hrs	cost	modification # emp	hours	Total Hrs	cost	procedur # emp	hours	Total Hrs	cost
Directors - Grade 15	$60.55	3	25	75	$4,541.25	3	25	75	$4,541.25	3	25	75	$4,541.25
Economist - Grade 13	$43.56	2	40	80	$3,484.80	2	40	80	$3,484.80	2	40	80	$3,484.80
Insurance specialist - Grade 13	$43.56	8	40	320	$13,939.20	8	40	320	$13,939.20	8	40	320	$13,939.20
Branch chief - Grade 14	$51.47	1	20	20	$1,029.40	1	20	20	$1,029.40	1	20	20	$1,029.40
Underwriter - Grade 15	$60.55	1	25	25	$1,513.75	1	25	25	$1,513.75	1	25	25	$1,513.75
Actuary - SL/ST System	$72.66	1	25	25	$1,816.39	1	25	25	$1,816.39	1	25	25	$1,816.39
Lawyer - Step 14	$51.47	1	40	40	$2,058.80	1	40	40	$2,058.80	1	40	40	$2,058.80
Computer programmer - Grade 12	$36.63	2	80	160	$5,860.80	2	80	160	$5,860.80	2	80	160	$5,860.80
Totals		19		745	$34,244.39	19		745	$34,244.39	19		745	$34,244.39
External Reviewers	$150,000/review
	Total hrs/yr	hrs x 24 products	Total $/product	$ x 24 products
Private occupations	3419	82056	$129,688.75	$3,112,530.00
Federal occupations	2235	53640	$102,733.18	$2,465,596.38
External Reviewers			$150,000.00	$3,600,000.00
Total				$9,178,126.38
15-2011 Actuaries	51.8
23-1011 Lawyers	63.46
http://www.bls.gov/oes/current/oes_nat.htm
http://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2014/RUS_h.pdf
http://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2014/SLST.pdf

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Sheet 3: 508(h) w CP

Costs for Submission of 508(h) Products WITH Concept Proposal
Total Submissions WITHOUT Concept Proposal/Paperwork Package =					9
Costs		One Product	9 Products
Total Private		$129,591.19	$1,166,320.71
Total RMA		$102,733.18	$924,598.64
Total External Review		$150,000.00	$1,350,000.00
Total for 3 Years			$3,440,919.35
Private occupations	mean hr wage	read hours	wage*hrs	first time hours	wage*hrs	modification hours	wage*hrs	correspon hours	wage*hrs	prep hours	wage*hrs	respond hours	wage*hrs	negotiate hours	wage*hrs	maintenance hours	wage*hrs
11-2020 Market managers	$64.28	2	$128.56	40	$2,571.20		$0.00		$0.00	5	$321.40		$0.00		$0.00		$0.00
11-3021 Computer and information systems manager	$63.74		$0.00	40	$2,549.60		$0.00		$0.00	5	$318.70	40	$2,549.60		$0.00	10	$637.40
11-3031 Financial manager	$60.89		$0.00	10	$608.90		$0.00		$0.00		$0.00	10	$608.90		$0.00		$0.00
27-3042 Technical writer	$33.80		$0.00	250	$8,450.00	150	$5,070.00		$0.00		$0.00	200	$6,760.00		$0.00		$0.00
13-2011 Accountant	$34.86		$0.00	40	$1,394.40	10	$348.60		$0.00		$0.00	20	$697.20		$0.00		$0.00
19-3011 Economist	$48.78		$0.00	200	$9,756.00	150	$7,317.00		$0.00	10	$487.80	160	$7,804.80		$0.00	45	$2,195.10
15-1131 Computer programmer	$38.91		$0.00	200	$7,782.00	200	$7,782.00		$0.00		$0.00	100	$3,891.00		$0.00	50	$1,945.50
13-2053 Underwriter	$33.71	2	$67.42	150	$5,056.50	150	$5,056.50		$0.00		$0.00	100	$3,371.00		$0.00	30	$1,011.30
23-2011 Paralegal	$24.60		$0.00	40	$984.00		$0.00	5	$123.00		$0.00	50	$1,230.00	5	$123.00		$0.00
13-1161 Market research	$32.59		$0.00	100	$3,259.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00
15-2041 Statistician	$40.05		$0.00	200	$8,010.00	200	$8,010.00		$0.00		$0.00	150	$6,007.50		$0.00	45	$1,802.25
43-9061 Office Clerk, General	$14.42		$0.00	110	$1,586.20	80	$1,153.60	3	$43.26	15	$216.30	20	$288.40	5	$72.10	10	$144.20
Totals		4	$195.98	1380	$52,007.80	940	$34,737.70	8	$166.26	35	$1,344.20	850	$33,208.40	10	$195.10	190	$7,735.75
Federal occupations	rate @ step 4	first time # emp	hours	Total Hrs	cost	modification # emp	hours	Total Hrs	cost	procedur # emp	hours	Total Hrs	cost
Directors - Grade 15	$60.55	3	25	75	$4,541.25	3	25	75	$4,541.25	3	25	75	$4,541.25
Economist - Grade 13	$43.56	2	40	80	$3,484.80	2	40	80	$3,484.80	2	40	80	$3,484.80
Insurance specialist - Grade 13	$43.56	8	40	320	$13,939.20	8	40	320	$13,939.20	8	40	320	$13,939.20
Branch chief - Grade 14	$51.47	1	20	20	$1,029.40	1	20	20	$1,029.40	1	20	20	$1,029.40
Underwriter - Grade 15	$60.55	1	25	25	$1,513.75	1	25	25	$1,513.75	1	25	25	$1,513.75
Actuary - SL/ST System	$72.66	1	25	25	$1,816.39	1	25	25	$1,816.39	1	25	25	$1,816.39
Lawyer - Step 14	$51.47	1	40	40	$2,058.80	1	40	40	$2,058.80	1	40	40	$2,058.80
Computer programmer - Grade 12	$36.63	2	80	160	$5,860.80	2	80	160	$5,860.80	2	80	160	$5,860.80
Totals		19		745	$34,244.39	19		745	$34,244.39	19		745	$34,244.39
External Reviewers	$150,000/review
	Total hrs/yr	hrs x 9 products	Total $/product	$ x 9 products
Private occupations	3417	30753	$129,591.19	$1,166,320.71
Federal occupations	2235	20115	$102,733.18	$924,598.64
External Reviewers			$150,000.00	$1,350,000.00
Total				$3,440,919.35

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Sheet 4: CP

Costs for Concept Proposal
Total Concept Proposals/Paperwork Package =			15
Costs	One Product	15 Products
Total Private	$1,217.36	$18,260.40
Total RMA	$43.56	$653.40
Total External Review	$10,000.00	$150,000.00
Total for 3 years		$168,913.80
Private occupations	mean hr wage	read hours	wage*hrs	prep hours	wage*hrs
19-3011 Economist	$48.78	2	$97.56	20	$975.60
43-9061 Office Clerk, General	$14.42		$0.00	10	$144.20
Totals		2	$97.56	30	$1,119.80
Federal occupations	rate @ step 4	Review for completeness - # emp	hours	Total Hrs	cost
Economist - Grade 13	$43.56	1	1	1	$43.56
Totals		1		1	$43.56
External Reviewers	$10,000/review
	Total hrs/yr	hrs x 15 products	Total $/product	$ x 15 products
Private occupations	32	480	$1,217.36	$18,260.40
Federal occupations	1	15	$43.56	$653.40
External Reviewers			$10,000.00	$150,000.00
Total				$168,913.80

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Sheet 5: IBWIP

Costs for Submission of Index-Based Weather Insurance Products
Total Submissions WITHOUT Concept Proposal/Paperwork Package =					2
Costs		One Product	2 Products
Total Private		$10,078.76	$20,157.52
Total RMA		$51,593.40	$103,186.80
Total External Review		$150,000.00	$300,000.00
Total for 3 Years			$423,344.32
Private occupations	mean hr wage	read hours	wage*hrs	first time hours	wage*hrs	correspon hours	wage*hrs	prep hours	wage*hrs	respond hours	wage*hrs	negotiate hours	wage*hrs
11-2020 Market managers	$64.28	2	$128.56	40	$2,571.20	4	$257.12	5	$321.40	10	$642.80	5	$321.40
13-2053 Underwriter	$33.71	2	$67.42	40	$1,348.40		$0.00		$0.00		$0.00		$0.00
13-1161 Market research	$32.59		$0.00	30	$977.70		$0.00		$0.00	20	$651.80		$0.00
15-2041 Statistician	$40.05		$0.00	20	$801.00		$0.00		$0.00		$0.00		$0.00
43-9061 Office Clerk, General	$14.42		$0.00	110	$1,586.20	3	$43.26	15	$216.30	5	$72.10	5	$72.10
Totals		4	$195.98	240	$7,284.50	7	$300.38	20	$537.70	35	$1,366.70	10	$393.50
Federal occupations	rate @ step 4	first time # emp	hours	Total Hrs	cost	modification # emp	hours	Total Hrs	cost	procedur # emp	hours	Total Hrs	cost
Directors - Grade 15	$60.55	3	6	18	$1,089.90	3	25	75	$4,541.25	3	25	75	$4,541.25
Economist - Grade 13	$43.56	1	40	40	$1,742.40	2	40	80	$3,484.80	2	40	80	$3,484.80
Insurance specialist - Grade 13	$43.56	1	40	40	$1,742.40	8	40	320	$13,939.20	8	40	320	$13,939.20
Branch chief - Grade 14	$51.47	1	20	20	$1,029.40	1	20	20	$1,029.40	1	20	20	$1,029.40
Totals		6		118	$5,604.10	14		495	$22,994.65	14		495	$22,994.65
External Reviewers	$150,000/review
	Total hrs/yr	hrs x 2 products	Total $/product	$ x 2 products
Private occupations	316	632	$10,078.76	$20,157.52
Federal occupations	1108	2216	$51,593.40	$103,186.80
External Reviewers			$150,000.00	$300,000.00
Total				$423,344.32