Agency Commerce Dept

Contractor Examination Resources

SWIFT Contract Number 174730

Project Name Examination of ReliaStar Life Insurance Company

Project Number (if applicable) {Empty}

Summarize purpose of the contract, including why it was necessary: To complete a five year examination of the noted company as required by statute. We entered into a contract due to the fact that we don’t have an insurance examination crew to complete this required project.

Project Duration

Start Date Fri, 04/03/2020 - 00:00

Original end date Tue, 08/31/2021 - 00:00

Actual end date Fri, 04/30/2021 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $53720

Amendments {Empty}

Contract total $11545

Did project finish within budget? Yes

What was the funding source? State Insurance Revolving Fund

Is this a sole source contract? No

If this was a single source contract, explain why the agency determined there was only a single source for the services (if applicable) {Empty}

Evaluator Name Kathleen Orth

Evaluator Email Address Kathleen.orth@state.mn.us

Evaluate the contractor's timeliness Examination stayed on a proper timeline.

Evaluate the contractor's quality The quality of the examination end product and workpapers were of very good quality.

Evaluate the contractor's cost The contractor stayed within the capped bid amount.

Evaluate the contractor's overall performance Overall quality of the contractor’s performance was very good.

Would you engage the contractor's services again? Yes

Describe any negative action taken during the duration of this contract (i.e., termination, pursuit of suspension, etc.): {Empty}

Please rate the overall experience with the contractor 5 - very satisfied