Dear Khun Warunee,
In order to make the process smoother and more convenient for all, for future contracts related to the Data Center, we would like to propose two options as follows:
1) Go back to the idea to issue a master CAR policy with TPL limit of SGD2mln, and agreed terms like premium rate, sublimits, maintenance period, etc. Declarations can then be made as and when the contracts related to the fitting-out works for the data center are awarded and premium charged accordingly.
2) Continue with individual policies (more work), but pre-agree on terms like premium rate, sublimits, maintenance periods, etc. already as well.
Either way, in order to reach the "pre-agreement", can you please obtain the following information:
(1) How many contracts will the bank be awarding besides those already declared?
(2) What is the average period of each contract?
(3) What is the estimated total contract values for all such contracts?
(4) What is the contract period for the last contract to be awarded?
In addition, any other information Marsh deems relevant in order to make the process run easier would be welcome.