RFP SAIF Actuary Review
Closed State & local contract opportunity Posted
- Solicitation number
- S-16500-00011756
- State
- Oregon
- Responses due
Opportunity facts
- Jurisdiction
- NIGP code
- UNSPSC codes
- Points of contact
-
- Audits Division audits.sos@oregon.gov (503) 986-2255
- Business Services Division - Audits accounting.sos@oregon.gov (503) 986-2204
- David Matthews purchasing.sos@sos.oregon.gov (503) 986-2204
Opportunity details come from oregonbuys.gov. Updated .
About this opportunity
The State of Oregon, specifically the Secretary of State's Office Audits Division, is issuing a Request for Proposal (RFP s-16500-00011756) for an independent actuarial review of the State Accident Insurance Fund (SAIF) for the calendar year ending December 31, 2024. The primary deliverable will be a comprehensive report evaluating the reasonableness of SAIF's reserves and the adequacy of its surplus. Proposing firms must meet stringent qualifications, including being independent of SAIF, having at least 5 years of experience managing similar actuarial reviews, and employing at least three team members with fellowship in the Casualty Actuarial Society. The RFP indicates a multi-year contract opportunity, with an initial term of 5 years and potential for up to 6 years of total engagement. Proposals are due on December 4, 2024, at 1:00 PM, with a public opening conducted via Microsoft Teams. Evaluation criteria will likely include the firm's experience, qualifications of key personnel, technical approach, and proposed cost. The first Actuarial Review Report must be delivered by June 30, 2026, with onboarding of the selected proposer expected around August 1, 2025.
While no specific set-aside designations are explicitly mentioned, the RFP does emphasize preferences for business inclusion and diversity. The contract requires proposers with 50 or more full-time workers and a prospective contract price exceeding $500,000 to provide a Pay Equity Certificate. The RFP indicates a minimum anticipated contract value of $150,000, with proposers required to submit detailed cost proposals using a provided Excel template that covers hourly rates and estimated hours for staff across five years (2025-2029). No incumbent vendor information is provided in the documentation. Proposers must complete several mandatory forms, including a Proposer Information and Certification Sheet, a Responsibility Inquiry form, and an Affidavit for Disclosure Exemption. The contract will require compliance with various state laws and regulations, and proposers must demonstrate financial stability, performance history, and absence of significant legal or financial issues.
Opportunity text
The State of Oregon, acting by and through the Secretary of State's Office, Audits Division (Agency), is issuing this Request for Proposal for an independent actuarial review of the State Accident Insurance Fund (SAIF) for the calendar year ending December 31, 2024. The review will include a report on the reasonableness of SAIF's reserves and the adequacy of surplus. Resulting contract will be for up to 5 years of actuarial reviews of SAIF.
Files
| File | Type | Posted |
|---|---|---|
| RFPAttC~3.docx | DOCX document | |
| SAIF Actuary Review RFP S-16500-00011756~2.pdf | ||
| Exhibit A OPTIS Grant Management System Requirements Master.xlsx | XLSX spreadsheet | |
| RFPAttA Sample Contract for Actuary Review Services~1.docx | DOCX document | |
| RFPAttB~3.docx | DOCX document | |
| RFPAttD~3.docx | DOCX document | |
| RFPAttG~3.docx | DOCX document | |
| Amendment 1 RFPAttE Cost Proposal.xlsx | XLSX spreadsheet | |
| RFP s-16500-00011756 Amendment 1.pdf | ||
| RFPs-16500-00011756 Amendment 2.pdf | ||
| Intent_to_Award_SAIF_Actuary_Review 6-23-25.pdf | ||
| RFPAttE Cost Proposal~3.xlsx | XLSX spreadsheet |
Show all 12
On GovTribe
Work this opportunity
- Track it in your pipeline
- Similar opportunities
- Ask GovTribe AI about this opportunity