Agency Commerce Dept

Contractor Risk & Regulatory Consulting

SWIFT Contract Number 140952

Project Name Liquidation of Minnesota Surety & Trust Company

Project Number (if applicable) {Empty}

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

Project Duration

Start Date Sun, 04/29/2018 - 00:00

Original end date Tue, 04/28/2020 - 00:00

Actual end date Tue, 04/28/2020 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $190054

Amendments {Empty}

Contract total $79664.64

Did project finish within budget? Yes

What was the funding source? Offset to assets of the named entity

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 The liquidation took a very long time due to statutory requirements and the complication of the entity being liquidated.

Evaluate the contractor's quality The quality of the liquidation was of acceptable quality.

Evaluate the contractor's cost The contractor stayed within the contract amount, however there were many previous contracts related to the liquidation as well

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

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 3 - neutral