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Identification

Reference Number: 22040403
Request ID:17-104566
Date First Offered03/21/2017
Title:Enrolled Pension Actuarial Services

Agency Reference Number:17-071
Agency:INS - Insurance
Purchasing Agency:INS - Insurance
Purchasing Agency SPO:Jennifer Klein

Status: Closed

Overview

Description and Specifications:
The Illinois Department of Insurance is giving notice of intent to award a contract to Gabriel, Roeder, Smith & Co. as posted in the RFP, under the same IPB reference number 22040403.

Contract it being awarded to the most responsive and responsible vendor. Price has been determined to be fair and reasonable.

Contract start date is an estimate. Start date will be upon execution of the last dated signature.

The telephone number for the Protest Review Office has been changed since the publication of this RFP. The new phone number is 217-494-1856.

The agency reference number has been corrected from the original bulletin solicitation notice from 17-017 to 17-071.

Key Information

Notice Type:Contract Award Notice

Published:05/11/2017
Notice Expiration Date:05/26/2017

Professional & Artistic:No
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:No

Does this solicitation contain a Veteran requirement?:No

Relevant Category:General Services

Total Amount of Award:$2,500,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:Total amount of award, including renewals, is an estimated amount to be utilized on an as needed basis. Following is the rate amounts for the initial contract term submitted by Gabriel, Roeder, Smith & Co.:
$285/hourly rate
$505/per file rate.
Length of Initial Term:36
Contract Begin Date:06/15/2017
Contract End Date:06/14/2020
Renewal Terms:2 12 month renewals

Bidder(s)


Number of Responding Bidders:6
Number of Unsuccessful Bidders:5
Total Number Awarded:1

Listing of All Bidders/Offerors Considered But Not Selected:
Dean Actuaries, LLC
Foster & Foster Actuaries & Consultants
Retirement Horizons Inc (RHI)
Segal & Co
The Nyhart Company
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Gabriel Roeder Smith and Co$2,500,000.000%0%

Notice Contact
Name: Jean Sandstrom
Street Address:320 W. Washington St.
City:Springfield
State:IL
Zip Code:62767
Phone: 217-557-5661
Fax Number:217-558-2777
EMail Address:jean.m.sandstrom@illinois.gov

Class Code

Class Codes:

NIGP Code

NIGP Commodity/Service Code:946 12 Actuarial Services and Retirement Planning


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