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Illinois INS - Insurance·Illinois

Renewal Notice - No Cost Actuarial Examination Services P & C For RRC

Closes 3/7/2025$5M – $7MGrants Notice
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Description

The State of Illinois - General Services is issuing a renewal notice for No Cost Actuarial Examination Services P & C. The contract is a renewal in accordance with the terms of the existing contract. The vendors will perform statutory examinations of Illinois Insurance companies. The contract start date is 04/29/2025 and the contract end date is 04/28/2029. The estimated financial return to the state for this renewal is not applicable, and the estimated gross revenue to the vendor for this renewal is also not applicable. • The contract is a renewal of the existing contract 20-446DOI-FINAD-B-10591. • The contract value is $7,000,000.00. • The vendors will perform statutory examinations of Illinois Insurance companies. • The contract start date is 04/29/2025 and the contract end date is 04/28/2029.

Attached files

Contact

Yarvo Roberts(Purchaser)

(217)524-0401

Key dates

Opened
2/21/2025
Closes
3/7/2025
Duration
48 months

Last updated

Details

Type
Grants Notice
Industry
Insurance
NAICS
524298
Solicitation №
25-446DOI-FINAD-B-46571

Budget estimate

$5,000,000 – $7,000,000

The budget for this contract is estimated to be $7,000,000.00, as mentioned in the document. However, since the contract is for No Cost Actuarial Examination Services P & C, the actual budget may be lower. The contract value may be influenced by the number of hours worked by the vendors and the hourly rates of the vendors.

AI estimate from the solicitation

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