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Awarded contract·State of Utah Division of Purchasing·Utah

Insurance Actuary Consultant / Wildland Fire

Won by FTI Consulting Inc.$2.5MSingle Award
Contract source

Awarded vendors

  • FTI Consulting Inc.

Description

The State of Utah Division of Purchasing is seeking a professional public utility consulting service to provide insurance actuary consulting services related to PacifiCorp d/b/a Rocky Mountain Power's increasing estimated insurance expense for wildland fire insurance. The contract will be for a period of 5 years. The selected vendor will be required to provide a point-by-point response to the technical criteria outlined in the RFP. The evaluation committee will evaluate each responsive and responsible proposal based on the criteria described in the RFP. • The RFP is for a single contract award to the responsive and responsible offeror with the highest score. • The contract will be awarded to the vendor that provides the best value to the State of Utah. • The vendor must have a minimum of 5 years of experience in the utility industry and demonstrated training and experience related to insurance actuarial consulting. • The vendor must provide a completed cost proposal and a point-by-point response to the technical criteria. • The contract will be for a period of 5 years. • The vendor must agree to the standard terms and conditions of the contract.

Attached files

Key dates

Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524130
Solicitation №
JK25-6

Contract value

$2,500,000

The value of the contract is not explicitly stated in the document. However, based on the scope of work and the fact that the contract is for a period of 5 years, it can be estimated that the value of the contract is likely to be in the range of $500,000 to $5 million. This is a rough estimate and the actual value of the contract may be higher or lower.

AI estimate from the award documents

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