This Solicitation opportunity from New York was posted on July 2, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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New York State Medical Indemnity Fund (MIF) Actuarial Single Source Contract

Closed

2124087State & Local

Submission Closed07/10/2025, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 812990

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Solicitation # 232383

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AI Contract Overview

The New York State Department of Health is entering into a single-source contract with Pinnacle Actuarial Resources, Inc. for an 18-month period starting July 1, 2024, through December 31, 2025, with an optional renewal extending the contract until February 26, 2027. This arrangement is intended to ensure continuity of actuarial services for the New York State Medical Indemnity Fund (MIF), a role Pinnacle has performed since the fund’s inception. The decision to award a sole-source contract stems from the need to facilitate a smooth transition to a new vendor, which will involve additional time for data transfer and service handover, and to provide sufficient funding and time to execute a subsequent five-year contract through a competitive RFP process. The contract is exempt from advertising due to its single-source nature, with Pinnacle identified as the sole award recipient. The Department aims to prevent service interruptions during the transition period and to establish a foundation for future competitive procurement. The contract covers all New York State counties and is valued between $500,000 and $2,000,000. Interested parties can contact Jenna Glindmyer, the Health Program Administrator, via email or phone for further information. The contract details and related notices are publicly accessible through the New York State Contract Reporter.

General Info

Agency

New York → NYS Dept. of Health

NAICS

812990 - All Other Personal Services

Place of Performance

NY, USA

Set-Aside

NONE

Documents

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Timeline

PhaseClosed

PostedJul 2

Solicitation

Response DeadlineJul 10

Deadline has passed

Submission Closed

07/10/2025, 12:00:00 AM UTC

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Organization & Contact Information

AgencyNew York → NYS Dept. of Health

Contacts1 person available

OfficeN/A

Organization / AgencyNew York → NYS Dept. of Health

Office AddressN/A

Contacts

Jenna GlindmyerHealth Program Administrator 1

contact@example.gov

+1 (555) 000-0000

Full Description

To allow for continuity of services per MIF Regulation 10 NYCRR § 69-10.19 and 10 NYCRR §69-10.20, the New York State Department of Health (Department) is engaging a single source contract for a period of 18 months with an optional 14-month renewal with Pinnacle Actuarial Resources, Inc. (Pinnacle) for actuarial services for the New York State Medical Indemnity Fund (MIF). Pinnacle has been providing actuarial services to the MIF since the Fund’s inception and the potential of a new vendor will require additional time to transition data and services. The Department has determined the best course of action is a single source contract with Pinnacle beginning 7/1/2024 and ending 12/31/2025, with an optional renewal that, if needed, would extend the contract term through 2/26/2027. This single source contract will provide the Department with the necessary funding and sufficient time to successfully execute a five-year contract resulting from a competitive RFP. This will also allow enough time to properly transition the current services over to the winning bidder without an interruption to the services currently being provided. Reason for advertising exemption: Single Source Award recipient: Pinnacle Actuarial Resources, Inc. Any questions or comments regarding this notice of sole-source, single-source, or procurement otherwise exempt from advertising in the NYS Contract Reporter should be directed to the contact person listed for the contracting agency or public authority. Ad end date:07/10/2025 Contract term: 7/1/2024 - 12/31/2025 County(ies): All NYS counties