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Identification

Reference Number: 22039864
Request ID:17-103206
Date First Offered06/05/2017
Title:THA - 16-0152 Workers' Compensation Actuarial Services

Agency Reference Number:THA - 17-103206
Agency:THA - Toll Highway Authority
Purchasing Agency:THA - Toll Highway Authority
Purchasing Agency SPO:Victoria Santiago

Status: Closed

Overview

Description and Specifications:
The Illinois Tollway is giving a notice of intent to award the contract 16-0152 Workers' Compensation Actuarial Services to Oliver Wyman Actuarial Consulting, Inc. To provide necessary actuarial studies of the Agency Workers’ Compensation Insurance program.

The contract start date is an estimate and will start upon execution of the contract.

Maximum amount is $27,500 without a formal change order. Maximum change shall not exceed 5%.

Key Information

Notice Type:Contract Award Notice

Published:12/04/2017
Notice Expiration Date:12/18/2017

Professional & Artistic:Yes
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:$27,500.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:
Length of Initial Term:60
Contract Begin Date:02/01/2018
Contract End Date:01/31/2023
Renewal Terms:0

Bidder(s)


Number of Responding Bidders:2
Number of Unsuccessful Bidders:1
Total Number Awarded:1

Listing of All Bidders/Offerors Considered But Not Selected:
Pinnacle Actuarial Resources, Inc.
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Oliver Wyman Actuarial Consulting, Inc.$27,500.000%0%

Notice Contact
Name: Mary Hart
Street Address:2700 Ogden Ave.
City:Downers Grove
State:IL
Zip Code:60515
Phone: 630-241-6800
Fax Number:630-795-7908
EMail Address:mhart@getipass.com

Class Code

Class Codes:

NIGP Code

NIGP Commodity/Service Code:946 12 Actuarial Services and Retirement Planning
958 61 Insurance and Risk Management Services


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