Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001425
- Awardee
- NovaRest, Inc
- Contracting organization
- Department Technology, Management and Budget
Contract facts
- Cumulative value
- $1,863,636
- End date
- Points of contact
-
- Bob Lamberjack lamberjackr@michigan.gov (517) 977-8572
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
- Julie Merriman merrimanj2@michigan.gov (517) 230-9633
Contract details come from michigan.gov. Updated .
About this contract
This indefinite delivery vehicle provides Life/Health and Property/Casualty Actuarial Services and Rate Review Services to the State of Michigan. The contract establishes a prequalified pool of actuarial contractors available to perform comprehensive financial and insurance-related services, including life/health and property/casualty examinations, rate reviews, statutory report preparation, and public policy research. Services are procured through second-tier competitive selection processes via Statements of Work and Delivery Orders, enabling agencies to obtain specialized actuarial expertise on an as-needed basis. The contract includes firm hourly pricing for multiple staff classifications, ranging from $60.00 for Administrative Associates to $300.00 for Peer Review services, with an extended purchasing program available to MiDEAL members.
NovaRest, Inc., an Arizona corporation, serves as the prime contractor under this indefinite delivery vehicle, with the State of Michigan Department of Technology, Management and Budget serving as the contracting organization. The contract is effective from February 1, 2025, through January 31, 2028, providing coverage across Michigan. The contract is structured as an indefinite delivery vehicle with an estimated aggregate value of $1,863,636.00 at firm pricing for the entire contract term. The Department of Insurance and Financial Services functions as the primary utilizing agency, with designated program managers overseeing multi-agency and statewide contract administration.
Files
| File | Type | Posted |
|---|---|---|
| 240000001425.pdf |
Quick answers
Who holds contract MA240000001425?
Contract MA240000001425 was awarded to NovaRest, Inc by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001425 worth?
Its cumulative value is $1,863,636.
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