Schedule B - Pricing Captive Actuarial.docx

This is a pricing schedule submission form for Request for Proposal No. 260000002052, issued by the State of Michigan for Captive Actuarial Examinations of Insurance Companies. The document requires contractors to submit a detailed pricing schedule in Microsoft Word format, with the option to provide an additional pricing schedule in a non-modifiable format such as PDF. Contractors must list all staff and roles who will be included in service delivery along with corresponding hourly rates. The proposal must comprehensively account for all costs associated with contract performance, including one-time or setup charges, fees, shipping and handling, per-piece pricing, and any other potential expenses that the contractor may charge the State.

Contractors are encouraged to offer quick payment discount terms, specifying a percentage discount off the invoice if payment is received within a stated number of days after receipt of the invoice, with the understanding that processing time for payment receipt by the contractor's financial institution is excluded from this calculation. Submission of a proposal constitutes certification that all prices were developed independently and without consultation, communication, or agreement with any other contractor. Failure to complete the pricing schedule as requested may result in disqualification of the proposal.