Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001428
- Awardee
- PINNACLE ACTUARIAL RESOURCES, 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, Property/Casualty Actuarial Services, and Rate Review Services to the State of Michigan and eligible MiDEAL members. The contract encompasses comprehensive actuarial support through a prequalification program and multi-award structure designed specifically for rate review functions. Services are delivered on an hourly basis with tiered pricing, ranging from $95.00 per hour for Administrative Associates to $400.00 per hour for Actuaries, Lead Actuaries, and Peer Reviewers. This vehicle is intended to support the Department of Insurance and Financial Services and other authorized entities requiring specialized actuarial expertise and regulatory rate review analysis.
Pinnacle Actuarial Resources, Inc. serves as the prime contractor under this indefinite delivery vehicle administered by the Michigan Department of Technology, Management and Budget. The contract period extends from February 1, 2025, through January 31, 2028, with three optional one-year renewal periods available at the State's discretion. The estimated aggregate contract value is $1,863,636.00, with an administrative fee of 1% applied to all payments and Net 45-day payment terms. Coverage extends to the State of Michigan and MiDEAL member organizations, including local units of government, school districts, universities, community colleges, and nonprofit hospitals.
Files
| File | Type | Posted |
|---|---|---|
| 240000001428.pdf |
Quick answers
Who holds contract MA240000001428?
Contract MA240000001428 was awarded to PINNACLE ACTUARIAL RESOURCES, INC. by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001428 worth?
Its cumulative value is $1,863,636.
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