Prime Actuarial Extension

The New York State Workers' Compensation Board has secured an exemption from the standard competitive bidding process to extend its existing contract with Prime Actuarial dba Bickmore through October 31, 2025. This exemption was granted because the contract is a single-source award, meaning no alternative providers were solicited or considered, and the extension ensures continuity of services. The original contract, which began on July 28, 2020, is set to continue until the end date, with the extension covering all counties within New York State. The contract value is estimated to be between five million and ten million dollars, reflecting its significant scope and importance. The extension was publicly advertised with a posting date of July 16, 2025, and a response deadline of July 23, 2025. Any inquiries or comments related to this sole-source procurement should be directed to Stacey Relation, the Contract Management Specialist, via email or phone. The contract pertains to actuarial services under NAICS code 524298 and is managed by the NYS Workers' Compensation Board, an agency operating within the State and serving all counties across New York. Further details and updates about this procurement can be accessed through the NYS Contract Reporter website.