Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001426
- Awardee
- LEWIS & ELLIS 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
- Julie Merriman merrimanj2@michigan.gov (517) 230-9633
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
Contract details come from michigan.gov. Updated .
About this contract
This indefinite delivery vehicle provides Life/Health and Property/Casualty actuarial services, along with rate review services to support the State of Michigan's insurance regulatory and policy functions. The contract enables procurement of actuarial expertise for insurance examinations, regulatory analysis, and public policy research initiatives. Services are delivered on an hourly basis, with rates ranging from $60.00 per hour for Administrative Associates to $320.00 per hour for Actuaries, Lead Actuaries, and Peer Review services. The vehicle operates as a prequalification contract with a minimum pool of six and maximum of ten qualified contractors in each service category, with specific work assignments issued through a competitive second-tier selection process.
Lewis & Ellis, Inc., a Texas-based actuarial services firm, serves as the prime contractor for this indefinite delivery vehicle. The contract was established by the Michigan Department of Technology, Management, and Budget in partnership with the Department of Insurance and Financial Services, effective February 1, 2025, through January 31, 2028, with three optional one-year renewal periods available. The estimated aggregate contract value is $1,863,636.00, with an administrative fee of one percent applied to all payments. The contract covers the state of Michigan and utilizes electronic funds transfer for payment with Net 45 day terms.
Files
| File | Type | Posted |
|---|---|---|
| 240000001426.pdf |
Quick answers
Who holds contract MA240000001426?
Contract MA240000001426 was awarded to LEWIS & ELLIS INC by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001426 worth?
Its cumulative value is $1,863,636.
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