No Cost - Sole Source - Assigned Risk Administrator NCCI
Closed State & local contract opportunity Posted
- Solicitation number
- 24-446DOI-FINAD-B-41723
- State
- Illinois
- Responses due
Opportunity facts
- Jurisdiction
- NIGP code
Opportunity details come from bidbuy.illinois.gov. Updated .
About this opportunity
The State of Illinois is procuring the services of a Plan Administrator to facilitate the Illinois Assigned Risk Plan, as allowed under the Illinois Administrative Code. The National Council on Compensation Insurance, Inc. (NCCI) has been identified as the sole economically feasible source to provide these services. As the Plan Administrator, NCCI will be responsible for creating and publishing a uniform classification system, calculating rates and loss costs, creating an experience rating plan, assisting employers in obtaining assigned risk coverage, and providing support to assigned carriers. The contract term is 3 years, from June 2, 2024 to June 1, 2027, with no renewal options. A sole source hearing will be held, which may be canceled if no interested parties submit written comments or request a public hearing by March 25, 2024. If a public hearing is requested, the Department of Insurance will present justification for the sole source procurement, and interested parties may provide testimony. The estimated value of the initial 3-year term is $6,000,000, and there is no cost to the state as NCCI is a non-profit organization.
This is a sole source procurement, and NCCI has been the sole source provider of these services for the past 6 years, as they are the only vendor that meets the statutory and administrative code requirements to serve as the licensed rating organization and Plan Administrator in Illinois. There are no set-aside designations or restrictions on the types of organizations that can respond, as this is a sole source procurement. The incumbent vendor, NCCI, has the necessary infrastructure and technology to integrate with the state's existing systems.
Opportunity text
This is a notice of intent to award a contract as a sole economically feasible source to: National Council on Compensation Insurance, Inc. to provide the services of a Plan Administrator to facilitate the Assigned Risk Plan as allowed for in the 50 Illinois Adm. Code 2904.50. The hearing will be canceled unless an interested party submits written comments or makes a written request for public hearing by Monday March 25th, 2024, 4:00PM, to the info contact above.
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