Agency Commerce Dept

Contractor INS Regulatory Services

SWIFT Contract Number 177463

Project Name Financial Examination of RAM Mutual Insurance Co

Project Number (if applicable) {Empty}

Summarize purpose of the contract, including why it was necessary: To complete a five year examination of the noted companies 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 Wed, 06/03/2020 - 00:00

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

Actual end date Wed, 06/30/2021 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $69640

Amendments {Empty}

Contract total $55230

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 Exam was conducted timely

Evaluate the contractor's quality Exam met quality expectations

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