Amendment+#+1.pdf

This document is a Contract Amendment (Amendment Number 1) for Contract 257 - Actuarial Services between the State of North Dakota, acting through its Office of Management and Budget's Risk Management Division, and AON Risk Consultants, Inc. as the contractor. The amendment modifies an existing contract for actuarial and risk management services.

The amendment extends the contract's term through June 30, 2026, with options for two additional 12-month renewals. The contractual amount is set at $26,250, with payment made on an hourly basis. The biennial report cost breakdown includes four personnel: Neal Anderson (no job title specified), Brenda Reddick (Director), Ryan Stoehr (Consultant), and Alison Millerbend (Analyst), with hourly rates ranging from $220.50 to $409.50. The total project hours are 75, with a total biennial cost of $21,094.50. The contract includes a provision to adjust the contractual amount by 5% per biennium analysis, covering all direct and indirect costs associated with the contracted services.