Actuarial Consultant Services Departmental Master Agreement RFR - 2023-005
Federal opportunity from Center for Health Information & Analysis. Place of performance: MA. Response deadline: Jun 30, 2033.
- Source
- Open on official portal →
- Solicitation
- BD-23-1052-2000-2000-78450
- Performance
- MA
- Response
- Jun 30, 2033, 12:00 AM UTC
Point of Contact
Agency & Office
Applicable wage determinations
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Description
Bid / RFR for CHIA's Departmental Master Agreement for Actuarial Consultant Services.
Pricing and bid posture
Contractor-side estimate from visible notice metadata, NAICS/PSC, contract type, schedule hints, and BidPulsar workpaper assumptions. Not an IGCE, incumbent price, award value, or government budget.
This advisory bid range is visible page text for contractors and search engines: it summarizes the modeled floor, target, and premium bid posture for this solicitation.
Market snapshot
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Files
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BidPulsar Analysis
A practical, capture-style breakdown of fit, requirements, risks, and next steps.
The Massachusetts Finance department has issued a Request for Responses (RFR) for Actuarial Consultant Services under the Departmental Master Agreement, identified as 2023-005. This opportunity targets firms skilled in actuarial consultancy and represents a vital chance for small businesses, though SBPP eligibility is not applicable. The response deadline is set for June 30, 2033, allowing ample time for preparation.
The buyer aims to secure qualified actuarial consultant services to support the operations and financial assessments required by the department.
- Actuarial firms with a proven track record in public sector consulting.
- Companies with expertise in financial modeling and risk assessment.
- Small to medium-sized businesses qualified to provide specialized actuarial services.
- Review of current actuarial processes and deliverables.
- Development of customized actuarial models based on department needs.
- Training departmental staff on actuarial software and methodologies.
- Ongoing support and consultation services.
- Completed RFR response form.
- Evidence of relevant past performance.
- Detailed pricing proposal.
- Resume of key staff with actuarial expertise.
More BidPulsar strategy notesCompliance, pricing, teaming, risks, questions, and coverage notes
- Ensure compliance with MA procurement regulations.
- Adhere to proposal submission guidelines as outlined in attached documents.
- Competitive yet realistic pricing based on market standards.
- Consider including a discount for long-term engagements.
- Itemized pricing for consultation hours and deliverables.
- Partner with technology firms for actuarial software solutions.
- Consider teaming with other consulting firms to enhance service offerings.
- Potential changes in state funding affecting contract viability.
- Delays in the proposal review process due to bureaucratic hurdles.
- Competition from larger, established firms.
- What specific deliverables are anticipated from the consulting services?
- Are there particular regulatory frameworks that need to be addressed?
- What metrics will be used to evaluate consultant performance?
Some notices publish limited source detail. Confirm these points before final bid/no-bid decisions.
- Details on evaluation criteria for proposals.
- Specific deliverables expected from the consultancy.
- Information on the selection process and timeline.
- Investment limits or budget constraints of the department.
- Historical performance of previous contracts in this scope.
Service match
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