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Nevada Department of Business and Industry·Nevada

Actuarial Services

Closes 11/8/2018$500k – $2MRequest for Proposal
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Description

The State of Nevada, Department of Business and Industry - Division of Insurance, is seeking to establish a pool of qualified actuarial consultants or consulting firms to provide actuarial services on an on-call or per project basis. The selected contractors will be required to comply with applicable Actuarial Standards of Practice (ASOPs). The contract is expected to start on January 8, 2019, and end on December 31, 2022. • The scope of work includes providing actuarial services, such as actuarial consulting and retirement planning. • The contract will be awarded to multiple vendors, and the State intends to award the contract to the vendors listed in the notification letters. • The contract is subject to approval by the Nevada State Board of Examiners. • The State will maintain confidentiality of proprietary information regarding trade secrets.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Gail Burchett(Purchaser)

(775) 684-0172

Key dates

Opened
9/27/2018
Questions due
10/5/2018
Closes
11/8/2018
Duration
4 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524110
Solicitation №
74BAI-S341

Budget estimate

$500,000 – $2,000,000

The budget for this contract is not explicitly stated, but based on the scope of work and the fact that it's a contract for actuarial services, the budget is likely to be in the range of $500,000 to $2,000,000 over the 4-year contract period. This estimate is based on industry standards for actuarial consulting services and the potential complexity of the projects that may be assigned to the contractor.

AI estimate from the solicitation

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