Reference Number: 22041845
Request ID:18-109373
Date First Offered01/08/2018
Title:Property & Casualty Rate Reviews

Agency Reference Number:DOI1801070
Agency:INS - Insurance
Purchasing Agency:INS - Insurance
Purchasing Agency SPO:Jenny Shourd; Jennifer Klein

Status: Closed


Description and Specifications:
The Illinois Department of Insurance is giving notice of intent to award a contract to the following vendors as posted in the RFP, under the same IPB reference number 22041845. As stated in the RFP, contract will be awarded to a Primary vendor along with a Supplemental vendor.

Primary Vendor: Merlinos & Associates
Second Vendor: Milliman, Inc.

Contracts are being awarded to the most responsible and responsive vendors. Prices have been determined to be fair and reasonable.

Key Information

Notice Type:Contract Award Notice

Notice Expiration Date:03/20/2018

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:$600,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:Total amount of Award is estimated. Final awarded amounts per vendor are determined on an as needed service per vendor. Following are the blended rate amounts submitted by each vendor:

Primary Vendor Merlinos & Associates - $193.33
Secondary Vendor Milliman, Inc. - $185.00
Length of Initial Term:36
Contract Begin Date:05/01/2018
Contract End Date:04/30/2021
Renewal Terms:3


Number of Responding Bidders:3
Number of Unsuccessful Bidders:1
Total Number Awarded:2

Listing of All Bidders/Offerors Considered But Not Selected:
INS Consultants, Inc.
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Milliman, Inc$75,000.000%0%
Merlinos & Associates$225,000.000%0%

Notice Contact
Name: Jean M Sandstrom
Street Address:320 W. Washington St
Zip Code:62767
Phone: 217-557-5661
Fax Number:217-558-2777

Class Code

Class Codes:


NIGP Commodity/Service Code:918 04 Accounting/Auditing/Budget Consulting
918 32 Consulting Services (Not Otherwise Classified)
918 49 Finance/Economics Consulting
918 58 Governmental Consulting
918 69 Insurance Consulting


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