Cost Proposal Form RFP 2600000110.xlsx

This is a Cost Proposal Form for RFP 2600000110 related to Actuarial Services (Contract C5903) for the State of Kentucky. The RFP seeks actuarial services including managed care services with value-based payment plans, risk adjustment, non-emergency medical transportation (NEMT), directed payments, budget forecasting services, medical loss ratio adjustment, and encounter data monitoring. The contract includes an initial term covering fiscal years 2027 and 2028, with a first renewal term for fiscal years 2029 and 2030. Vendors are required to provide detailed cost proposals for the seven primary service categories as well as additional financial analysis activities including project management, actuarial direction, consulting, IT support, and administrative support across specified estimated hours. Optional services are available with pricing based on an average hourly rate, with up to 500 hours allowed per legislative session in the initial term and 1,000 hours in renewal years.

The cost proposal form requires vendors to submit estimated costs for both fiscal years in each contract period, with supporting narrative documentation required for all proposed costs. Vendor pricing must reflect hourly rates for various staffing categories: Project Manager (100 hours), Director-Actuary (175 hours), Consultants-Actuarial or IT (300 hours), Associates-IT or Support Staff (400 hours), and Administrative Support Staff (25 hours). The form includes sections for optional services cost estimates, which are for informational purposes only. All proposals must be signed by an authorized representative of the vendor organization with the authority to bind the company, certifying the organization's commitment to provide the described personnel and services at the indicated rates.