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North Dakota Workforce Safety & Insurance·North Dakota

Professional Actuarial Services

Closes 7/27/2026$200k – $250kRequest for Proposal
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Description

The State of North Dakota’s Workforce Safety & Insurance agency is seeking a qualified actuarial consulting firm to provide core actuarial services for its workers‑compensation program. The contractor will produce unpaid loss estimates, develop manual and experience‑rating rates, calculate large‑deductible credits and aggregate excess rates, and perform legislative pricing analyses. Services are required annually over a two‑year contract term, with a minimum of 30 consulting hours per fiscal year and the possibility of additional hours billed at a fixed hourly rate. The work includes preparation of reserve‑review and premium‑rate‑review reports and up to two one‑day travel trips per year to Bismarck for board presentations.

Attached files

Contact

Ellen Thompson(Procurement Officer)

[email protected]

(701) 328-5959

Key dates

Opened
7/17/2026
Questions due
7/10/2026
Closes
7/27/2026
Projected award
8/10/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
SRC000332

Budget estimate

$200,000 – $250,000

The solicitation caps the core actuarial services at $104,250 per fiscal year, yielding a base contract value of about $208,500 for the two‑year term. Adding potential specialty‑service hours (e.g., $375/hour) could raise the total, so a realistic range is roughly $200 k to $250 k, depending on the amount of extra consulting required.

AI estimate from the solicitation

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