Bid Banana
PricingBid helpAPILog inStart free trial
Log inStart free trial

Before you respond

  • Colorado guideColorado Bids and Bidding Guide
  • Consulting Services RFPsConsulting Services Bids and Bidding Guide
  • How to answer an RFPChoosing and Responding to Government Bids
More consulting services bids →Must-win bid? Bring in The Bid Lab →
Bid Banana
SearchPricingBid helpBrowse bidsAPISupportFAQPrivacy PolicyTerms of UseAI Use Policy

This website and its content is copyright of The Bid Lab © 2026. The Bid Lab is a trademark of Bid Lab, LLC. All rights reserved.

  1. Bid Banana
  2. ›Bids
  3. ›Colorado
  4. ›Consulting Services
  5. ›Health & Welfare Actuarial & Broker Consultant

State of Colorado·Colorado

Health & Welfare Actuarial & Broker Consultant

Closes 11/5/2026$800k – $1.5MRequest for Proposal
Get bids like this by emailBid source

Description

The State of Colorado is seeking a qualified firm to serve as its Health & Welfare Actuarial and Broker Consultant on a flat‑fee, annual basis. The consultant will provide actuarial analysis, benefits procurement assistance, broker services, compliance monitoring, wellness program support, and rapid fiscal‑note responses for the State’s employee benefit programs covering roughly 39,000 employees. The scope includes market research, bid evaluation, contract negotiation, ongoing performance monitoring, data analytics, and open‑enrollment support, with an expectation of high‑touch, on‑site and remote assistance throughout the contract year. • Required licenses to perform employee‑benefit services in Colorado. • Must have at least one Fellow of the Society of Actuaries on the team. • Minimum five years of public‑sector consulting experience of comparable size. • Provide a flat annual fee covering all listed services; no additional hourly charges. • Deliver monthly/annual financial reports, PBM audits, actuarial projections, and 4‑hour fiscal‑note turnarounds. • Support open‑enrollment activities (March‑June) and ongoing compliance with state/federal regulations.

Attached files

Contact

Phil Rollins(Buyer)

[email protected]

Key dates

Opened
10/20/2026
Closes
11/5/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
524210
Solicitation №
RFP-AABA-2027000049-5

Budget estimate

$800,000 – $1,500,000

The solicitation calls for a “flat annual fee” covering a comprehensive suite of actuarial, brokerage, compliance, and wellness services for a state employer of roughly 39,000 staff. Similar state‑level health‑benefits consulting contracts typically range from $500,000 to $2,000,000 per year, depending on the depth of analytics, number of benefit lines covered, and required staffing levels. Given the extensive deliverables (monthly financial reporting, PBM audits, legislative fiscal‑note support, open‑enrollment assistance, and a sizable on‑site team), a reasonable estimate would be $800,000‑$1,500,000 annually. Factors influencing the final amount include the firm’s size, proprietary analytics tools, and any optional performance‑guarantee fees.

AI estimate from the solicitation

Similar opportunities

Matched by Bid Banana AI™

Bid Banana · 1.6M+ bids and awards 🍌

You found this one. Bid Banana has 1.6M+ bids and awards.

You found this bid by looking. Bid Banana searches open government bids across all 50 states, updated daily, so you stop hunting: save a search once and we email you your new matches, daily or weekly.

1.6M+
bids & awards
All 50
states
4,000+
agencies
Start your 7-day free trial

Plans from $49.99/month. Cancel anytime, no setup fees.

Built by The Bid Lab, answering RFPs since 2017.

State of Colorado·Colorado

Top match · 99%

Health & Welfare Actuarial & Broker Consultant

Closes 11/5/2026Opened 10/14/2026

State of Colorado·Colorado

97% match

Health & Welfare Actuarial & Broker Consultant

Closes 10/22/2026Opened 10/9/2026

State of Colorado·Colorado

96% match

Health & Welfare Actuarial & Broker Consultant

Closes 10/22/2026Opened 9/24/2026

State of Colorado·Colorado

88% match

Total Compensation Actuarial Services

Closes 10/22/2026Opened 10/8/2026

Pennsylvania Municipal Retirement System·Pennsylvania

86% match

Actuarial Consulting Services

Closes 12/2/2026Opened 10/2/2026

County of Orange·California

84% match

ACTUARIAL CONSULTING SERVICES

Closes 10/23/2026Opened 10/1/2026

Texas A&M University System·Texas

84% match

Actuarial Services

Closes 10/23/2026Opened 10/5/2026

Illinois HFS - Healthcare and Family Services·Illinois

83% match

Actuarial Analysis & Consulting

Closes 10/22/2026Opened 9/24/2026

Southern California Regional Rail Authority·California

83% match

Insurance Brokerage & Benefit Consulting Services

Closes 11/4/2026Opened 9/30/2026

Sacramento Housing and Redevelopment Agency·California

83% match

Actuarial Services

Closes 10/29/2026Opened 9/30/2026

State of Colorado·Colorado

83% match

Total Compensation Actuarial Services

Closes 10/22/2026Opened 9/22/2026

Georgia White County Board of Commissioners·Georgia

82% match

REQUEST FOR QUALIFICATIONS - BROKER SERVICES

Closes 12/11/2026Opened 10/13/2026

City of Tampa·Florida

81% match

Employee Benefits Consulting Services (Re-Bid)

Closes 10/29/2026Opened 9/23/2026

Washington Spokane Transit Authority·Washington

81% match

GASB 75 Other Post-Employment Benefits Actuarial Services

Closes 11/2/2026Opened 10/1/2026

Georgia Paulding County Government·Georgia

81% match

27010-2401, Employee Benefits Brokerage & Consulting Services

Closes 11/13/2026Opened 10/16/2026

Catoosa County·Georgia

81% match

2026-21 Broker Services RFQ Document

Closes 10/22/2026Opened 9/22/2026

Kenosha County·Wisconsin

81% match

ACTUARIAL AUDIT SERVICES EMPLOYES’ RETIREMENT SYSTEM OF THE CITY OF MILWAUKEE

Closes 12/10/2026Opened 10/7/2026

Metropolitan Community College·Missouri

80% match

Benefits Broker Services

Closes 10/26/2026Opened 9/16/2026

Massachusetts Center for Health Information & Analysis·Massachusetts

80% match

Actuarial Consultant Services Departmental Master Agreement RFR - 2023-005

Closes 6/29/2033Opened 8/17/2022

Pennsylvania Municipal Retirement Board·Pennsylvania

80% match

PMRS Actuarial Consulting Services

Closes 12/2/2026Opened 10/2/2026

Massachusetts Department of Public Health·Massachusetts

80% match

226832 Health Care and Safety Projects Provided by Individuals

Closes 6/30/2032Opened 6/17/2022

New Mexico Department of Health·New Mexico

80% match

Medicaid Administrative Claim Consulting

Closes 11/3/2026Opened 10/8/2026

City of Colorado Springs·Colorado

79% match

Cemetery Endowment Fund Investment Advisory Services

Closes 11/2/2026Opened 10/1/2026

Florida State Board of Administration (SBA)·Florida

79% match

Actuarial Services for the Stanley G. Tate Florida Prepaid College Program

Closes 4/30/2027Opened 10/14/2026

Madison Metropolitan Sewerage District·Wisconsin

79% match

GASB 75 Other Postemployment Benefits (OPEB) Actuarial Valuation

Closes 10/29/2026Opened 10/5/2026