Actuarial Services

This procurement opportunity is for the Health Care Stabilization Fund Board of Governors of the state of Kansas to obtain actuarial consulting services. The Board is seeking proposals from qualified firms to provide annual actuarial valuations, special studies related to legislative changes, and a primary staff contact for assistance as needed. The contract term is for five years, from May 1, 2025 through April 30, 2030. Proposals are due by September 30, 2024, and the Board will evaluate submissions based on the firm's qualifications, experience, proposed approach, and cost. The Board reserves the right to negotiate contract terms, reject any or all proposals, and waive minor deviations. While the RFP does not specify pricing terms, set-asides, or funding sources, it indicates the total five-year cost must be all-inclusive with costs for specified items identified separately, and Offerors may include provisions for modifying contract costs in the event of material changes to relevant Kansas statutes or other circumstances.

The RFP includes preferences for Disabled Veteran Owned Businesses and Certified Businesses, and bidders must submit completed forms related to the Boycott of Israel, Sexual Harassment, and Immigration Reform and Control Act. The contract will be paid for using the state's Procurement Card, and the state reserves the right to confirm the tax status of all potential contractors and subcontractors prior to award. No information is provided about the incumbent vendor or annual fees under the prior contract.