Actuarial Services for the Office of Risk Management

The Ohio Competitive Selection IDV (CSP010858) provides comprehensive actuarial services for the Ohio Department of Administrative Services' Office of Risk Management. The contract covers four primary service categories: Annual Comprehensive Analysis, Annual Analysis and Reports, Expert Testimony, and Additional Services. Designed as a requirements contract, this IDV enables state agencies to procure specialized actuarial consulting services with predefined pricing structures, including rates for comprehensive analysis ($3,500), line of coverage analysis ($19,000), hourly testimony ($695), and additional services ($360 per hour).

Pinnacle Actuarial Resources Inc., based in Bloomington, IL, is the prime contractor for this mandatory use contract. The IDV was awarded by the Ohio Department of Administrative Services (DAS) on October 7, 2022, with a performance period extending through August 31, 2026. The contract is a competitive selection type, specifically focused on business and corporate management consultation services (UNSPSC 80101500). While no guaranteed purchase volume is specified, the contract offers a structured approach to obtaining actuarial services with net 30 payment terms and requires approval from the Office of Risk Management for all deliverables.