Actuarial Consulting for State Office of Risk Management

The State of Colorado's Office of Risk Management is seeking actuarial consulting services through a competitive procurement process, with the contract opportunity covering Denver County and Denver City. This solicitation, identified by the contract ID 6855b3853cfbf61a710c8540, was posted on June 18, 2025, with proposals due by July 28, 2025. The primary objective is to obtain comprehensive actuarial consulting expertise to support the State Office of Risk Management's strategic risk assessment and management needs. Potential vendors must demonstrate advanced actuarial capabilities, including detailed risk analysis, statistical modeling, and comprehensive reporting mechanisms. Qualified consultants should possess extensive experience in public sector risk management, professional actuarial certifications, and a proven track record of delivering high-quality analytical services to governmental entities. While specific evaluation criteria are not explicitly detailed in the provided documentation, respondents can expect assessments based on technical expertise, past performance, proposed methodological approaches, and demonstrated understanding of state risk management complexities.

The procurement appears to be open to a broad range of qualified actuarial consulting firms without explicit set-aside designations for disadvantaged business enterprises. Potential respondents should have robust professional credentials, including certifications from recognized actuarial associations and substantial experience working with state-level risk management offices. No specific incumbent vendors or current contractors are identified in the available information. The solicitation does not provide explicit budget ranges or potential contract values, suggesting that pricing will likely be competitively determined through the proposal process. Interested consultants should carefully review all documentation and prepare comprehensive proposals that demonstrate their technical capabilities, innovative risk assessment methodologies, and capacity to provide strategic actuarial insights to the Colorado State Office of Risk Management.