RFP_30901-64926_Amendment_1.pdf
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- Attached to
- Actuarial Consulting Services For The Tennessee Advisory Council On Workers' Compensation - UPDATED
- Solicitation number
- RFP 30901-64926
- Issued by
- Davidson County, Tennessee
About this file
This is Amendment 1 to Request for Proposals 30901-64926 issued by the State of Tennessee Treasury Department for actuarial consulting services to support the Tennessee Advisory Council on Workers' Compensation. The amendment confirms and updates the RFP schedule of events and provides clarifications to bidders' inquiries. The scope of work involves reviewing and evaluating the National Council on Compensation Insurance, Inc.'s annual Loss Cost Rate Filings for the Tennessee voluntary workers' compensation insurance market, including evaluation of underlying data, examination of NCCI methodologies, analysis of proposed changes in loss costs and loss adjustment expenses, and evaluation of trend factor selection. A pre-response teleconference is scheduled for June 18, 2026 at 10:00 a.m. central time. The notice of intent to respond deadline is June 19, 2026 at 2:00 p.m., written questions and comments are due June 24, 2026 at 2:00 p.m., and proposal responses are due July 9, 2026 at 2:00 p.m. central time. The State will complete technical evaluations by July 20, 2026, open and score cost proposals on July 21, 2026, and release notice of intent to award on July 28, 2026. The protest period ends August 4, 2026, with contractor signature deadline of August 11, 2026. The contract term is 60 months, effective August 25, 2026 through August 24, 2031.
The previous contractor, By The Numbers Actuarial Consulting, Inc. (BYNAC), has provided these services since August 25, 2011, and copies of their recent contracts, annual fees, and technical proposal are available as attachments for reference. Cost proposals must include annual fees for actuarial services for each contract year and an hourly rate for additional ad hoc services not to exceed 25 hours annually, with no travel compensation or reimbursement provided. Evaluation criteria allocate 25 points for general qualifications and experience, 45 points for technical qualifications and approach, and 30 points for cost proposals. Bidders must submit a signed Statement of Certifications and Assurances, provide a current bank reference, submit three professional references for similar projects, and demonstrate compliance with nondiscrimination and conflict of interest requirements. The scope of work has not changed from previous years.
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Text version
RFP 30901-64926 Amendment 1
STATE OF TENNESSEE
TREASURY DEPARTMENT
REQUEST FOR PROPOSALS # 30901-64926
AMENDMENT # 1
FOR ACTUARIAL CONSULTING SERVICES FOR THE
TENNESSEE ADVISORY COUNCIL ON WORKERS’
COMPENSATION
DATE: July 2, 2026
RFP # 30901-64926 IS AMENDED AS FOLLOWS:
1. This RFP Schedule of Events updates and confirms scheduled RFP dates. Any event, time, or date containing revised or new text is highlighted.
EVENT
TIME
(central time zone)
DATE
CONFIRMED
OR UPDATED
1. RFP Issued June 12, 2026 CONFIRMED
2. Disability Accommodation Request Deadline 2:00 p.m. June 17, 2026 CONFIRMED
3. Pre-response TeleConference 10:00 a.m.
June 18,2026 CONFIRMED
4. Notice of Intent to Respond Deadline 2:00 p.m. June 19, 2026 CONFIRMED
5. Written “Questions & Comments” Deadline 2:00 p.m. June 24, 2026 CONFIRMED
6. State Response to Written “Questions & Comments” July 2, 2026 CONFIRMED
7. Response Deadline 2:00 p.m. July 9, 2026 CONFIRMED
8. State Completion of Technical Response Evaluations July 20, 2026 CONFIRMED
9. State Opening & Scoring of Cost Proposals July 21, 2026 CONFIRMED
10. State Notice of Intent to Award Released and RFP Files Opened for Public Inspection July 28, 2026 CONFIRMED
11. End of Protest Period August 4, 2026 CONFIRMED
12. State sends contract to Contractor for signature August 5, 2026 CONFIRMED
13. Contractor Signature Deadline 2:00 p.m. August 11, 2026 CONFIRMED
2. State responses to questions and comments in the table below amend and clarify this RFP.
RFP 30901-64926 Amendment 1
Any restatement of RFP text in the Question/Comment column shall NOT be construed as a change in the actual wording of the RFP document.
QUESTION / COMMENT STATE RESPONSE
1. Who was the last consulting firm that performed the work?
By The Numbers Actuarial Consulting, Inc.
(“BYNAC”)
2. How long have the current actuaries been providing their service?
BYNAC has provided the services since August 25, 2011.
3. What were the annual fees charged and the terms of the contract?
The State’s two most recent contracts with BYNAC are attached as Attachments 1 and 2.
Each includes the associated payment schedules and fees for the services.
4. Has the scope of the work changed since the work was done?
No, the scope of work has not changed.
5. Can we get a copy of the most recent actuarial report?
Yes. The most recent actuarial report is attached as Attachment 3.
6. Can we get a copy of the proposal of the last successful bidder?
Yes. See Attachment 4 for the technical proposal from BYNAC.
7. Will you share the Evaluation Sheet and perform a debriefing if requested at the end of the process?
On July 28, 2026, the State Notice of Intent to Award will be released and the RFP files will be opened for public inspection pursuant to the current Schedule of Events in Section 2.1 of the RFP. During the open file period beginning on July 28, 2026, and ending August 4, 2026, respondents may request copies of documents from the RFP file, including evaluation and scoring sheets.
8. What will be the basis of selection? See RFP Section 5.1, which provides that the State will consider qualifications, experience, technical approach, and cost in the evaluation of responses and award points in each of the categories detailed below to each response deemed by the State to be responsive.
Maximum points possible (100) for each category: General Qualifications & Experience (25); Technical Qualifications, Experience & Approach (45); and Cost Proposal (30).
9. What weight will be given to the price? See response 8 above.
3. RFP Amendment Effective Date. The revisions set forth herein shall be effective upon release. All other terms and conditions of this RFP not expressly amended herein shall remain in full force and effect.
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