Notice of Intent to Award for Solicitation 240000001792

The Michigan Department of Technology, Management, & Budget's Procurement office has issued two Request for Proposals (RFPs) for Actuarial Services. RFP 240000001792 is for Financial and Insurance Actuarial Services (A1) and Actuarial Service for Rate Review & Examination (A2). The A1 contract is for a 5-year term with up to 5 one-year renewal options, with a total contract value of $5,000,000.00. The A2 contract is also for a 5-year term with up to 5 one-year renewal options, with a total contract value of $15,000,000.00. The RFPs were issued to solicit responses for the selection of qualified Contractor(s) to provide these services. Proposals were due on July 22, 2024, and the Evaluation Teams determined that multiple bidders met the requirements of the RFPs. The award recommendations are to 11 firms for A1 and 12 firms for A2, including Axene Health Partners, Davies Actuarial, Audit & Consulting, Inc., Examination Resources, LLC, Hause Actuarial Solutions, Inc., INS Consultants, Inc., Lewis & Ellis, LLC, NovaRest, Inc., Paradigm Actuaries, LLC, Pinnacle Actuarial Resources, Inc., and Taylor & Mulder, Inc.

The contracts will be awarded to Service-Disabled Veteran Owned Businesses (SDVOB) and Geographically Disadvantaged Business Enterprises (GDBE) if any submitted qualifying proposals. The award determinations were based on the proposals meeting the minimum point threshold and offering the best combination of technical and pricing factors. The awards are pending State Administrative Board approval.