“For Life” Annuity Contract

The Connecticut Lottery Corporation (CLC) is seeking bids from Connecticut Licensed Insurance Companies for a "For Life" Annuity Contract through solicitation number CLC202301. The procurement is an invitation to bid (ITB) for the purchase of annuity products, with the solicitation period running from January 20, 2023, at 9:00 PM GMT through February 10, 2023, at 7:00 PM GMT. The contract requires delivery of annuities on a Free On Board Destination basis, with payment terms to be specified by the vendor. The solicitation covers a single line item for annuity services, with the quantity currently listed as 0 units, suggesting that precise quantities will be determined later. Interested vendors must submit their proposals by the February 10, 2023 deadline and are prohibited from entering negative values in their bids. The primary point of contact for this solicitation is Stephen Day at the Connecticut Lottery Corporation, located at 777 Brook Street in Rocky Hill, CT, who can be reached at 860-713-2791 or Stephen.day@ctlottery.org.

The solicitation is open to all vendors who are Connecticut Licensed Insurance Companies, with no specific set-aside designations or restrictions on organizational types mentioned in the documents. No information is provided about incumbent vendors or existing infrastructure that might require integration. The estimated total value of the contract is not disclosed in any of the solicitation documents, and there are no apparent budget ranges specified. The bid does not indicate any preference for disadvantaged enterprises or small businesses. The lack of detailed information about contract value, specific requirements, or evaluation criteria suggests that vendors will need to carefully review the full solicitation documents and potentially contact Stephen Day for additional clarification about the "For Life" Annuity Contract requirements.