Description
The State of North Dakota Workforce Safety & Insurance is seeking a qualified vendor to deliver professional actuarial services for its workers’ compensation program over a two‑year firm‑fixed‑price contract, with two optional 24‑month extensions. The work includes annual reserve reviews, premium rate reviews, legislative pricing analyses, and up to 30 hours per fiscal year of general actuarial consulting, with additional hours billed at a fixed hourly rate. All deliverables are to be produced in report format and submitted electronically; travel is limited to two trips per year for up to two staff members, with travel costs incorporated into the contract price. The contractor must maintain extensive insurance coverage, provide proof of FEIN, and comply with North Dakota procurement, public‑records, and contract‑administration rules.
• Annual actuarial reserve and premium‑rate reviews for FY 2027‑28 and FY 2028‑29.
• 30 hours per year of actuarial consulting (extra hours billable at a fixed rate).
• Optional legislative pricing impact analyses and optional contract extensions.
• Firm‑fixed‑price contract with required insurance, background checks, and strict compliance obligations.