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Illinois INS - Insurance·Illinois

Renewal Notice - No Cost Actuarial Examination Services P & C - INS Regulatory

Closes 3/19/2025$7MGrants Notice
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Description

The State of Illinois is seeking vendors to provide No Cost Actuarial Examination Services P & C for the Illinois Insurance companies. The contract is a renewal of the existing contract, with a start date of April 7, 2025, and an end date of April 6, 2029. The vendors will perform statutory examinations of Illinois Insurance companies. The total renewal amount is mentioned as NO COST, but the original solicitation bid had a value of $7,000,000.00. • The contract is for a period of 48 months. • The vendors will perform statutory examinations of Illinois Insurance companies. • The total renewal amount is NO COST. • The original solicitation bid had a value of $7,000,000.00. • The contract start and end dates are 04/07/2025 and 04/06/2029, respectively.

Attached files

Contact

Yarvo Roberts

(217)524-0401

Key dates

Opened
3/5/2025
Closes
3/19/2025
Duration
48 months

Last updated

Details

Type
Grants Notice
Industry
Insurance
NAICS
524298
Solicitation №
25-446DOI-FINAD-B-46595

Budget estimate

$0 – $7,000,000

The budget for this contract is estimated to be around $0, as it is mentioned as a "NO COST" contract in the document. However, the original solicitation bid had a value of $7,000,000.00, which could be a basis for estimating the potential budget for similar services in the future. The estimated budget range could be $0 to $7,000,000.00, considering the contract duration and the scope of work.

AI estimate from the solicitation

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