Defined Contribution Auditing & Consulting Services
Ended State & local contract Michigan Awarded
- Contract number
- MA220000000805
- Awardee
- The Segal Company (Midwest), Inc.
- Contracting organization
- Michigan Department of Treasury
Contract facts
- Cumulative value
- $300,000
- End date
- Points of contact
-
- Nick Brousseau brousseaun@michigan.gov (517) 241-4234
- Stacey Shaw shaws11@michigan.gov (517) 420-5328
Contract details come from michigan.gov. Updated .
About this contract
The Michigan Department of Treasury Indefinite Delivery Vehicle provides defined contribution auditing and consulting services focused on pension and retiree health care benefits (OPEB) for local units of government. Services available under this contract include analyzing corrective action plans, evaluating uniform actuarial assumptions, assisting the Municipal Stability Board, and providing general consulting on pension and OPEB matters related to Michigan's Protecting Local Government Retirement and Benefits Act (Public Act 202 of 2017). Compensation is structured on an hourly basis according to staffing levels, ranging from $210 per hour for Support Staff and Benefit/Investment Support Staff to $425 per hour for Senior Staff, with no setup charges or travel costs assessed. The contractor offers a 5% discount for payments made within 30 days.
The prime contractor for this IDV is The Segal Company (Midwest), Inc., with the Michigan Department of Treasury serving as the contracting organization. The contract period extends from May 10, 2022, through May 9, 2025, with the State retaining the option to renew for up to two additional one-year periods at its sole discretion. This contract covers the State of Michigan and encompasses all local units of government within the state. The contract was established with an estimated value of $300,000 at execution, with standard payment terms of Net 45 days. The agreement includes liquidated damages of $1,000 plus $100 per day for late or improper completion of contract activities.
Files
| File | Type | Posted |
|---|---|---|
| 220000000805.pdf |
Quick answers
Who holds contract MA220000000805?
Contract MA220000000805 was awarded to The Segal Company (Midwest), Inc. by Michigan Department of Treasury on May 10, 2022.
How much is contract MA220000000805 worth?
Its cumulative value is $300,000.
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