Greystar Quoter Template - ROCIP 7.0 SAGE OLIVENHAIN & 8.15.2024 - TX State for MBR Named Wind

{
  "projectInformation": {
    "projectName": "Sage Olivenhain (Encinitas)",
    "streetAddress": "2220, 2228, 2230 Encinitas Boulevard & 200 Rancho Santa Fe Rd.",
    "city": "Encinitas",
    "state": "TX",
    "zipCode": 92024,
    "county": "Aransas",
    "projectDescription": "Test",
    "constructionType": "Wood frame – wrap",
    "constructionTypeMbrCoding": "Frame - All Other",
    "studentHousing": false,
    "greatestNumberOfStoriesOnSingleBuilding": null,
    "totalAcreage": 6,
    "describeCurrentSite": null,
    "estimatedValueOfWorkOutsideOfGmp": null,
    "isSiteGreenfieldOrRedevelopment": "Redevelopment",
    "floodZone": {
      "value": "X"
    },
    "windTierClassFromMbr": {
      "value": "Texas Hazard Group 1"
    },
    "earthMovementZone": null,
    "crimeScore": {
      "value": 7.8
    },
    "hailScore": {
      "value": 1
    },
    "nameOfDeveloperOrDevelopmentEntity": null
  },
  "projectSafety": {
    "waterMonitoringSystem": "Select"
  },
  "projectSchedule": {
    "projectTrackingStartDate": "2024-05-15T00:00:00.000Z",
    "projectDurationInMonths": null,
    "projectEstimatedCompletionDate": "2026-12-20T00:00:00.000Z",
    "landClosingDate": "n/a - not owned ",
    "ocipEffectiveDate": "2024-05-15T00:00:00.000Z",
    "ocipExpirationDate": "2027-08-20T00:00:00.000Z",
    "brEffectiveDate": "2024-10-04T00:00:00.000Z",
    "brExpirationDate": "2027-02-20T00:00:00.000Z",
    "monthsOfBuffer": 2,
    "projectDesignStartDate": "2024-10-04T00:00:00.000Z",
    "completionDate": "2027-02-20T00:00:00.000Z"
  },
  "ownershipInformation": {
    "ownershipEntity": "GS Construction Holdings, LLC",
    "ownershipEntityInterest": null,
    "additionalOwnershipInterests": null,
    "mortgageeOrLender": {
      "name": null
    },
    "equityPartner": {
      "name": "Property Reserve\n51 S Main St., Suite 301; Salt Lake City, UT 84111"
    },
    "additionalEntity1": {
      "name": "GREYSTAR 2220 ENCINITAS DEVELOPMENT, LLC \n465 Meeting St. Suite 500; Charleston, SC 29403"
    },
    "ownerAddressPerGmpContract": "730 Town & Country Blvd Suite 800\nHouston, TX 77024"
  },
  "projectContacts": {
    "generalContractorIfGreystarEntity": "GS Construction California LLC"
  },
  "constructionBudget": {
    "generalConditionsAndDirectCostsSubtotal": 99823248,
    "taxWaAndAzProjectsOnly": 0,
    "gcContingency": 2143268,
    "ohccContingency": 2500000,
    "demolition": 907730,
    "abatement": null,
    "export": null,
    "gcFee": 5098326,
    "brAndOcipInsuranceFromBudget": null
  },
  "projectCosts": {
    "constructionPeriodTaxes": {
      "total": 1180113,
      "percentage": 1
    },
    "closingCosts": {
      "total": 12096,
      "percentage": 0
    },
    "financingCosts": {
      "total": 0,
      "percentage": 0
    },
    "muniFees": {
      "total": 7171150,
      "percentage": 0.1
    },
    "odc": {
      "total": 1082856,
      "percentage": 0.25
    },
    "interestReserve": {
      "total": 0,
      "percentage": 1
    },
    "insurance": {
      "total": 4454745,
      "percentage": 1
    },
    "preLeasing": {
      "total": 675071,
      "percentage": 0.5
    },
    "opexDeficit": {
      "total": 0,
      "percentage": 0
    },
    "softCostContingency": {
      "total": 393075,
      "percentage": 0.25
    },
    "developmentFee": {
      "total": 5041274,
      "percentage": 0
    },
    "legal": {
      "total": 2137904,
      "percentage": 0.2
    },
    "architectural": {
      "total": 3941748,
      "percentage": 0.25
    },
    "engineeringOrRelated": {
      "total": 1141660,
      "percentage": 0.25
    },
    "marketing": {
      "total": 240050,
      "percentage": 0.25
    },
    "ffe": {
      "total": 1500000,
      "percentage": 1
    },
    "tenantImprovements": {
      "total": 0,
      "percentage": 1
    },
    "insuredSoftCostValue": 7058491.25,
    "insuredHardCostValue": 111915557.3
  },
  "delayBudget": {
    "annualRentsNoiTrendedNoi": 10927908,
    "annualIncomeIfNoRents": null,
    "durationOfDelayExposureInMonths": 15,
    "delayExposure": 13659885
  },
  "programDetails": {
    "ocipProgramSelection": "ROCIP 7.0",
    "ocipExcessLayersLimit": 7,
    "stateStatute": "CONFIRM STATE STATUTE for completed operations language within contracts",
    "ocipSurplusLinesTaxRate": 0.0318
  },
  "coverage": {
    "mbr": true,
    "practiceLiability": true,
    "cpl": true,
    "pll": true,
    "ceAndPf": true,
    "mfAndCppi": "cppi",
    "terrorism": true,
    "rocip": true
  }
}
{
  "projectData": {
    "projectName": "Sage Olivenhain (Encinitas)",
    "projectAddress": "2220, 2228, 2230 Encinitas Boulevard & 200 Rancho Santa Fe Rd., Encinitas, TX 92024",
    "projectDescription": "Test",
    "projectEffectiveDate": "2024-05-15T00:00:00.000Z",
    "projectCompletionDate": "2024-05-15T00:00:00.000Z",
    "projectCoverageExpirationDate": "2027-08-20T00:00:00.000Z",
    "ocipExpirationDate": "2027-08-20T00:00:00.000Z",
    "policyExposureConstructionValue": 98915518,
    "demolitionAbatementAndExportTotal": 907730,
    "generalConditionsDirectCostsSubtotal": 99823248,
    "ownershipEntitySponsor": "GS Construction Holdings, LLC",
    "partner": "Property Reserve\n51 S Main St., Suite 301; Salt Lake City, UT 84111",
    "lenderMortgagee": 0,
    "additionalInsureds": "GREYSTAR 2220 ENCINITAS DEVELOPMENT, LLC \n465 Meeting St. Suite 500; Charleston, SC 29403",
    "stateStatute": "TX",
    "state": "TX",
    "windTierClassFromMbr": "Texas Hazard Group 1",
    "primaryPremium": 539089.57,
    "primarySurplusLinesTaxesAndFees": 17143.05,
    "primaryPremiumSubtotal": 556232.62,
    "firstExcessPremium": 420390.95,
    "firstExcessSurplusLinesTaxesAndFees": 13368.43,
    "firstExcessPremiumSubtotal": 433759.38,
    "secondExcessPremium": 267071.9,
    "secondExcessSurplusLinesTaxesAndFees": 8492.89,
    "secondExcessPremiumSubtotal": 275564.79,
    "thirdExcessPremium": 173102.16,
    "thirdExcessSurplusLinesTaxesAndFees": 5504.65,
    "thirdExcessPremiumSubtotal": 178606.81,
    "fourthExcessPremium": 138481.73,
    "fourthExcessSurplusLinesTaxesAndFees": 4435.52,
    "fourthExcessPremiumSubtotal": 143917.25,
    "fifthExcessPremium": 106828.76,
    "fifthExcessSurplusLinesTaxesAndFees": 3397.15,
    "fifthExcessPremiumSubtotal": 110225.91,
    "sixthExcessPremium": 79132.41,
    "sixthExcessSurplusLinesTaxesAndFees": 2516.41,
    "sixthExcessPremiumSubtotal": 81648.82,
    "seventhExcessPremium": 118698.62,
    "seventhExcessSurplusLinesTaxesAndFees": 3774.62,
    "seventhExcessPremiumSubtotal": 122473.24,
    "eighthExcessPremium": 79132.41,
    "eighthExcessSurplusLinesTaxesAndFees": 2516.41,
    "eighthExcessPremiumSubtotal": 81648.82,
    "ninthExcessPremium": 54403.53,
    "ninthExcessSurplusLinesTaxesAndFees": 1730.03,
    "ninthExcessPremiumSubtotal": 56133.56,
    "tenthExcessPremium": 49457.76,
    "tenthExcessSurplusLinesTaxesAndFees": 1572.76,
    "tenthExcessPremiumSubtotal": 51030.52,
    "eleventhExcessPremium": 44511.98,
    "eleventhExcessSurplusLinesTaxesAndFees": 1415.48,
    "eleventhExcessPremiumSubtotal": 45927.46,
    "twelfthExcessPremium": 39566.21,
    "twelfthExcessSurplusLinesTaxesAndFees": 1258.21,
    "twelfthExcessPremiumSubtotal": 40824.42,
    "totalPremiumForGlAndExcessLiability100MTotalOccurrenceLimit": 2137169.18,
    "totalPremiumForGlAndExcessLiability100MTotalOccurrenceLimitLabel": "Total Premium for GL and Excess Liability - $100M Total Occurrence Limit",
    "totalRatePer1000": 20.93,
    "premiumPercentOfReportedConstructionValue": 0.02160600503552941,
    "estimatedTotalPremiumCalculation": {
      "layerPrimaryName": "General Liability - $2M/$4M",
      "layerExcess1Name": "Excess Liability - $10M x Primary",
      "layerExcess2Name": "Excess Liability - $10M x $10M",
      "layerExcess3Name": "Excess Liability - $10M x $20M",
      "layerExcess4Name": "Excess Liability - $10M x $30M",
      "layerExcess5Name": "Excess Liability - $10M x $40M",
      "layerExcess6Name": "Excess Liability - $25M x $50M",
      "layerExcess7Name": "Excess Liability - $25M x $50M",
      "layerExcess8Name": "Excess Liability - $25M x $75M",
      "layerExcess9Name": "Excess Liability - $25M x $75M",
      "layerExcess10Name": "Excess Liability - $25M x $75M",
      "layerExcess11Name": "Excess Liability - $25M x $75M",
      "layerExcess12Name": "Excess Liability - $10M x $100M",
      "layerExcess13Name": "Excess Liability - $10M x $110M",
      "layerPrimaryPremium": 556232.62,
      "layerExcess1Premium": 433759.38,
      "layerExcess2Premium": 275564.79,
      "layerExcess3Premium": 178606.81,
      "layerExcess4Premium": 143917.25,
      "layerExcess5Premium": 110225.91,
      "layerExcess6Premium": 204122.06,
      "layerExcess7Premium": 234740.36,
      "layerExcess12Premium": " ",
      "layerExcess13Premium": " "
    },
    "additionalOwnershipInterests": 0,
    "projectCosts": {
      "insuredSoftCostValue": 7058491.25,
      "insuredHardCostValue": 111915557.3,
      "constructionPeriodTaxes": {
        "valuation": 1180113
      },
      "closingCosts": {
        "valuation": 0
      },
      "financingCosts": {
        "valuation": 0
      },
      "muniFees": {
        "valuation": 717115
      },
      "odc": {
        "valuation": 270714
      },
      "interestReserve": {
        "valuation": 0
      },
      "insurance": {
        "valuation": 4454745
      },
      "preLeasing": {
        "valuation": 337535.5
      },
      "opexDeficit": {
        "valuation": 0
      },
      "softCostContingency": {
        "valuation": 98268.75
      },
      "developmentFee": {
        "valuation": 0
      },
      "legal": {
        "valuation": 427580.80000000005
      },
      "architectural": {
        "valuation": 985437
      },
      "engineeringOrRelated": {
        "valuation": 285415
      },
      "marketing": {
        "valuation": 60012.5
      },
      "ffe": {
        "valuation": 1500000
      },
      "tenantImprovements": {
        "valuation": 0
      }
    }
  },
  "gsValueSheet": {
    "projectName": "Sage Olivenhain (Encinitas)",
    "demolitionAbatementAndExportTotal": 907730,
    "gcContingency": 2143268,
    "ohccContingency": 2500000,
    "gcFee": 5098326,
    "insuredRentTerm": 15,
    "softCostLineItemBudget": 8961362,
    "annualNoi": 10927908,
    "brProjectDuration": 29,
    "totalInsurableHardCost": 111915557.3,
    "architectural": {
      "total": 3941748,
      "percentage": 0.25
    },
    "engineeringOrRelated": {
      "total": 1141660,
      "percentage": 0.25
    },
    "marketing": {
      "total": 240050,
      "percentage": 0.25
    },
    "ffe": {
      "total": 1500000,
      "percentage": 1
    },
    "tenantImprovements": {
      "total": 0,
      "percentage": 1
    },
    "constructionPeriodTaxes": {
      "total": 1180113,
      "percentage": 1
    },
    "closingCosts": {
      "total": 12096,
      "percentage": 0
    },
    "financingCosts": {
      "total": 0,
      "percentage": 0
    },
    "muniFees": {
      "total": 7171150,
      "percentage": 0.1
    },
    "odc": {
      "total": 1082856,
      "percentage": 0.25
    },
    "interestReserve": {
      "total": 0,
      "percentage": 1
    },
    "insurance": {
      "total": 4454745,
      "percentage": 1
    },
    "preLeasing": {
      "total": 675071,
      "percentage": 0.5
    },
    "opexDeficit": {
      "total": 0,
      "percentage": 0
    },
    "softCostContingency": {
      "total": 393075,
      "percentage": 0.25
    },
    "developmentFee": {
      "total": 5041274,
      "percentage": 0
    },
    "legal": {
      "total": 2137904,
      "percentage": 0.2
    },
    "projectCosts": {
      "insuredSoftCostValue": 7058491.25,
      "insuredHardCostValue": 111915557.3,
      "constructionPeriodTaxes": {
        "valuation": 1180113
      },
      "closingCosts": {
        "valuation": 0
      },
      "financingCosts": {
        "valuation": 0
      },
      "muniFees": {
        "valuation": 717115
      },
      "odc": {
        "valuation": 270714
      },
      "interestReserve": {
        "valuation": 0
      },
      "insurance": {
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      },
      "preLeasing": {
        "valuation": 337535.5
      },
      "opexDeficit": {
        "valuation": 0
      },
      "softCostContingency": {
        "valuation": 98268.75
      },
      "developmentFee": {
        "valuation": 0
      },
      "legal": {
        "valuation": 427580.80000000005
      },
      "architectural": {
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      },
      "engineeringOrRelated": {
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      },
      "marketing": {
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      },
      "ffe": {
        "valuation": 1500000
      },
      "tenantImprovements": {
        "valuation": 0
      }
    },
    "totalConstructionValue": 98915518,
    "insuredLossRent": 13659885,
    "hardCost": 111915557.3,
    "lor": 13659885,
    "totalInsuredValue": 132633934,
    "softCost": 7058491.25,
    "hardCostExposure": 3258445.3
  },
  "cpl": {
    "carrier": "Navigators Specialty Insurance Company",
    "amBestRating": "AM Best Rating: A+ XV",
    "coverageAOperationsLimit": 5000000,
    "policyExposureConstructionValue": 99823248,
    "constructionType": "Frame",
    "coverageAAggregate": 35000000,
    "coverageCEnvCrisisMgmtLimit": 50000,
    "coverageCAggregate": 50000,
    "deductible": 25000,
    "moldDeductibleFrameOnly": 200000,
    "ratePerThousandConstructionValue": 0.43,
    "estimatedBasePremium": 42923.996640000005,
    "tria": 429.23996640000007,
    "surplusLinesTaxAndFees": 2167.6618303200003,
    "totalPremium": 45520.89843672
  },
  "pll": {
    "amBestRating": "AM Best Rating: A+ XV",
    "carrier": "Navigators Specialty Insurance Company",
    "coverageALimit": 3000000,
    "coverageBLimit": 3000000
  },
  "cepf": {},
  "rocip": {
    "programEffectiveDates": "October 13, 2023 to October 13, 2028",
    "enrollmentPeriod": null,
    "policyExposure": 98915518
  },
  "terrorism": {
    "allocationBreakdown": [
      {
        "amount": {
          "periodText": "1-12 months"
        },
        "from0to50M": 5000,
        "from50Mto75M": 6000,
        "from75Mto100M": 7000,
        "from100Mto150M": 9000,
        "from150Mto200M": 10000,
        "more200M": "referral"
      },
      {
        "amount": {
          "periodText": "13-24 months"
        },
        "from0to50M": 10000,
        "from50Mto75M": 12000,
        "from75Mto100M": 14000,
        "from100Mto150M": 17000,
        "from150Mto200M": 20000,
        "more200M": "referral"
      },
      {
        "amount": {
          "periodText": "25-36 months"
        },
        "from0to50M": 15000,
        "from50Mto75M": 18000,
        "from75Mto100M": 21000,
        "from100Mto150M": 26000,
        "from150Mto200M": 30000,
        "more200M": "referral"
      }
    ],
    "ifPropOnly": [
      {
        "from0to50M": 2000,
        "from50Mto75M": 3000,
        "from75Mto100M": 4000,
        "from100Mto150M": 5000,
        "from150Mto200M": 7000
      },
      {
        "from0to50M": 4000,
        "from50Mto75M": 5000,
        "from75Mto100M": 7000,
        "from100Mto150M": 10000,
        "from150Mto200M": 14000
      },
      {
        "from0to50M": 5000,
        "from50Mto75M": 8000,
        "from75Mto100M": 10000,
        "from100Mto150M": 15000,
        "from150Mto200M": 20000
      }
    ]
  },
  "mbr": {
    "effectiveDate": "2024-10-04T00:00:00.000Z",
    "expirationDate": "2027-02-20T00:00:00.000Z",
    "projectDuration": 29,
    "projectDurationInDays": 869,
    "projectDescription": "Test",
    "programFirstNamedInsured": "GS Construction Holdings, LLC",
    "mailingAddress": "730 Town & Country Blvd Suite 800\nHouston, TX 77024",
    "ownershipEntitySponsor": "GS Construction Holdings, LLC",
    "generalContractor": "GS Construction California LLC",
    "partner": "Property Reserve\n51 S Main St., Suite 301; Salt Lake City, UT 84111",
    "lenderMortgagee": 0,
    "additionalInsuredEntities": "All Enrolled Subcontractors of Every Tier",
    "insuranceCarriers": [
      {
        "buildersRiskCarrier": "Westchester",
        "percentParticipation": 0.138889,
        "participation": 18421394.39682595,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "SCOR",
        "percentParticipation": 0.083333,
        "participation": 11052783.58452215,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "Navigators",
        "percentParticipation": 0.027778,
        "participation": 3684305.4061519,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "AIG",
        "percentParticipation": 0.083333,
        "participation": 11052783.58452215,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "Sompo",
        "percentParticipation": 0.055556,
        "participation": 7368610.8123038,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "HDI",
        "percentParticipation": 0.055556,
        "participation": 7368610.8123038,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "risksmith",
        "percentParticipation": 0.097222,
        "participation": 12894936.2875981,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "Striior",
        "percentParticipation": 0.138889,
        "participation": 18421394.39682595,
        "marketdifferentiation": "AmWINS"
      },
      {
        "buildersRiskCarrier": "AVIVA",
        "percentParticipation": 0.016667,
        "participation": 2210609.77047785,
        "marketdifferentiation": "Marsh UK"
      },
      {
        "buildersRiskCarrier": "Helvetia",
        "percentParticipation": 0.04125,
        "participation": 5471149.7589375,
        "marketdifferentiation": "Marsh UK"
      },
      {
        "buildersRiskCarrier": "Korean Re",
        "percentParticipation": 0.011111,
        "participation": 1473695.6356740498,
        "marketdifferentiation": "Marsh UK"
      },
      {
        "buildersRiskCarrier": "Munich Re Syndicate",
        "percentParticipation": 0.011111,
        "participation": 1473695.6356740498,
        "marketdifferentiation": "Marsh UK"
      },
      {
        "buildersRiskCarrier": "Fidelis",
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        "participation": 11052783.58452215,
        "marketdifferentiation": "Marsh UK"
      },
      {
        "buildersRiskCarrier": "Castel",
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        "participation": 4421086.90702215,
        "marketdifferentiation": "Marsh UK"
      },
      {
        "buildersRiskCarrier": "Catapolt",
        "percentParticipation": 0.05875,
        "participation": 7792243.596062499,
        "marketdifferentiation": "Marsh UK"
      },
      {
        "buildersRiskCarrier": "Starr",
        "percentParticipation": 0.063889,
        "participation": 8473849.38057595,
        "marketdifferentiation": "Marsh UK"
      }
    ],
    "earthMovementCarriers": "standalone",
    "buildersRiskPremiumIncludingComg": 2868594.17,
    "earthMovementPremium": 0,
    "surplusLinesTaxesEstimated": 91221.294606,
    "totalEstimatedPremium": 2959815.464606,
    "totalInsuredValue": 132633933.55,
    "hardCost": 111915557.3,
    "delayInOpening": "30 Calendar Days",
    "delayInOpeningSoftCost": 7058491.25,
    "delayInOpeningLossOfRents": 13659885,
    "testing": "Included",
    "businessPersonalProperty": "Included",
    "contractPenalty": 100000,
    "towerCraneReErectionExpense": 500000,
    "errorsOrOmissions": 1000000,
    "reward": 500000,
    "namedWindstorm": 30000000,
    "flood": 100000000,
    "earthMovement": 5000000,
    "pollutionOrContaminationCleanUp": 2500000,
    "limitedCoverageForFungusWetRotDryRotOrBacteria": 2500000,
    "directPhysicalLossInAnyOneOccurrenceExcept": 100000,
    "directPhysicalLossInAnyOneOccurrenceExceptFlood": 100000,
    "directPhysicalLossInAnyOneOccurrenceExceptNamedWindstorm": "$250,000 or 5%",
    "directPhysicalLossInAnyOneOccurrenceExceptEarthMovement": 250000,
    "directPhysicalLossInAnyOneOccurrenceExceptWindHail": 100000,
    "directPhysicalLossInAnyOneOccurrenceExceptTesting": 100000,
    "directPhysicalLossInAnyOneOccurrenceExceptCostOfMakingGoods": 250000,
    "directPhysicalLossInAnyOneOccurrenceExceptWaterDamage": 250000,
    "amwinsMbrWithAopBaseTerms": [
      {
        "mbrAmwinsMax": 25000020.000000004,
        "percentParticipation": 0.138889,
        "market": "Westchester",
        "participation": 18421394.39682595,
        "carrierFeeAP": null,
        "baseMonthlyRate": 0.0345,
        "namedWind": 214907.6713122509,
        "annualizedRate": 0.41400000000000003,
        "termRate": 0.9856602739726029,
        "guPremium": 1307319.9928095702,
        "sharedPremium": 181572.37,
        "studentDsuRent": 0,
        "surchargesFlood": 0,
        "total": 396480.04
      },
      {
        "mbrAmwinsMax": 14999940,
        "percentParticipation": 0.083333,
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