Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001421
- Awardee
- Davies Actuarial, Audit & Consulting, Inc.
- Contracting organization
- Department Technology, Management and Budget
Contract facts
- Cumulative value
- $1,863,636
- End date
- Points of contact
-
- Frank Huang frank.huang@us.davies-group.com (678) 684-4866
- Julie Merriman merrimanj2@michigan.gov (517) 230-9633
- Bob Lamberjack lamberjackr@michigan.gov (517) 977-8572
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
Contract details come from michigan.gov. Updated .
About this contract
This indefinite delivery vehicle provides comprehensive Life/Health and Property/Casualty Actuarial Services, along with Rate Review Services to the State of Michigan. Services are delivered on an as-needed basis through Statements of Work issued by the Department of Insurance and Financial Services for specific examinations and rate reviews. The contract encompasses actuarial analysis, examination support, and regulatory rate review activities across multiple DIFS divisions. Contractor hourly rates range from $95.00 for Administrative Associates to $285.00 for Lead Actuaries and Peer Review services, enabling flexible procurement of specialized actuarial expertise based on individual project requirements.
Davies Actuarial, Audit & Consulting, Inc., a Georgia corporation, serves as the prime contractor for this indefinite delivery vehicle established by Michigan's Department of Technology, Management and Budget. The contract period runs from February 1, 2025, through January 31, 2028, with three optional one-year renewal periods available at the State's sole discretion. The IDV covers the State of Michigan and is extended to MiDEAL members. The estimated aggregate contract value is $1,863,636.00, with payment terms of Net 45 days and a required 1% administrative fee on all payments.
Files
| File | Type | Posted |
|---|---|---|
| 240000001421.pdf |
Quick answers
Who holds contract MA240000001421?
Contract MA240000001421 was awarded to Davies Actuarial, Audit & Consulting, Inc. by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001421 worth?
Its cumulative value is $1,863,636.
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