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Public Higher Education Bulletin

University of Illinois System
RFP #9JWS2203

Request for Proposal: Actuarial Services

Award Info Published Thursday November 4, 2021

Pinnacle Actuarial Resources Inc.Bloomington, IL

  • Amount: An estimated $225,000
This is includes a $45,000 estimate for additial work for the initial term.
  • Terms: An estimated start date of 11/15/2021 through 9/15/2024
  • Renewals: 2 three-year
  • Potential Future Renewals: $519,750
  • Actuarial Factor LLC (subcontractor)
    BEP [18% / $33,000]

Unsuccessful respondents (4)



5 total

1 successful respondent

4 unsuccessful respondents

0 BEP vendors
0 VBP vendors
0 Small businesses

Buyer for this procurement: Jay Simpson, (217) 265-0434

Chief procurement officer for this procurement: John Donato

State purchasing officer for this procurement: Geno Marchizza

The University award process may be delayed up to thirty days as this award goes through a state approval process.

This notice has been modified
Published Thursday September 9, 2021
Amendment 1 is issued to provide information from today's pre-proposal conference.
First published Friday, September 3, 2021
Sealed proposals will be accepted below until 2:00 PM, Thursday September 23, 2021:
At the following address:
System Purchasing and Support Services
507 E Green Street
Suite 501, MC-407
Champaign, IL 61820-0000
via Electronic Bidding
The University of Illinois, on behalf of its Risk Management Department, (University), is seeking proposals from qualified firms to provide actuarial services beginning November 1, 2021 through August 31, 2024, with the option for two (2) three-year renewal periods.

A pre-submission tele-conference will be held September 7, 2021, at 2:00 PM. It is highly advised that proposers attend this conference even if they attended the conference for the first issuance of this RFP under 9JWS2201. Please see Section 1.5 of the solicitation document for additional information.

For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Jay Simpson
System Purchasing and Support Services
507 E Green Street
Suite 501, MC-407
Champaign, IL 61820
Phone: (217) 265-0434
Chief Procurement Officer - John Donato
State Purchasing Officer - Geno Marchizza
Submit 1 copies of the response as defined in the specifications.
The University reserves the right to accept or reject any and all responses or parts thereof.
Vendor may expect payment thirty to sixty days after receipt of invoice, unless otherwise stated in the bid documents.
This procurement may be contingent on Board of Trustees approval.
Illinois Department of Human Rights (IDHR) eligibility number is required on all proposals, if applicable.
There is a 10 percent BEP goal for this procurement. See solicitation documentation for details.
The contract(s) for this solicitation could exceed $50,000 annually.

This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.

The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.

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Specification Documents
  • 9JWS2203.docx (276 KB)
  • 9JWS2203Amendment1.docx (51 KB)
Other Public Documents
  • 9JWS2203UtilizationPlan.pdf (2 MB)
  • E-BiddingVendorInstructions.pdf (315 KB)
Public Opening Documents
  • 9JWS2203OpeningSheet_Final.pdf (639 KB)