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Actuarial Services for Life Estate Calculator Update

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State & Local

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This subcontract for the Kentucky Department of Revenue involves providing specialized actuarial services to update a life estate calculator. The selected contractor will be responsible for extracting NCHS life expectancy data, applying the Total Population Life Table, and updating mathematical logic within Excel to ensure compliance with 103 KAR 2:005. The final deliverable is a fully functional multiple life factor calculator worksheet. The project requires a provider with advanced Excel data modeling skills and professional actuarial credentials. Interested parties must respond by November 4, 2026, for this engagement managed under the Office of the Secretary for the state of Kentucky.

General Info

Actuarial services to update Kentucky Department of Revenue life estate calculator by November 2026.

Documents

This scope was carved out of RFP 130 2700000068.

The full solicitation package (2 documents), including the RFP, is on the prime solicitation, not on this scope.

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RFP-130-2700000068-1 | DOR-PSC-Multiple Life Estate Calculator

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Organization & Contact Information

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AgencyKentucky → Fin - Office of the Secretary
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs actuarial calculations and data integration for prime contractors on Kentucky Department of Revenue projects. Extracts NCHS life expectancy data, applies Table 1 (Life Table for Total Population: United States), and updates mathematical logic in Excel per 103 KAR 2:005. Requires advanced Excel data modeling and actuarial credentials. Delivers an updated, functional multiple life factor calculator worksheet.

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in 16 days
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NAICS: 541990
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RFP-130-2700000068-1 | DOR-PSC-Multiple Life Estate Calculator
Solicitation # RFP 130 2700000068
The Commonwealth of Kentucky, through the Finance and Administration Cabinet's Department of Revenue, is soliciting proposals for a Personal Service Contract to obtain professional actuarial services. The primary objective of this engagement is to update the Department of Revenue's existing multiple life factor calculator Excel worksheet. To ensure regulatory compliance with 103 KAR 2:005, the updated calculator must utilize the Table 1 Life Table for Total Population: United States, as prescribed by the National Center for Health Statistics. Proposals are submitted electronically via the Kentucky Vendor Self Service portal and must be divided into three distinct parts: a technical proposal, a cost proposal detailing hourly fees for actuary and clerical services, and a proprietary information document. The evaluation process is based on competitive negotiations, and the Commonwealth reserves the right to request Best and Final Offers. Awardees must adhere to strict compliance standards, including the CIO-126 Artificial Intelligence Policy, which requires full disclosure of AI assistance and prohibits the use of confidential state data to train proprietary AI models. The contract includes several mandatory legal representations, including prohibitions against energy company boycotts and lobbying violations, as well as continuous compliance with various Kentucky Revised Statutes regarding taxes, wages, and occupational safety. For contracts exceeding 500,000 dollars, the Equal Employment Opportunity Act of 1978 applies. Payment is processed within thirty working days following the submission of a standardized Personal Service Contract Invoice and the successful acceptance of the deliverables by the Commonwealth.
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