Actuarial Costing and Return on Investment Analysis for the Modernization of the Federal Workers' Compensation Regime

Description: Amendment 001: This amendment has been raised to perform the following changes: 1. CHANGE the time zone from Eastern Daylight Time to Eastern Standard Time on the cover page; 2. CHANGE the first deliverable from "Preliminary Financial Viability Report" to "Progress Report" and revise the deliverable description; 3. EXTEND the end of the contract period to 12 months after contract award; 4. CHANGE the due dates for Deliverables 2 and 3 to 10 months and 12 months from contract award respectively; 5. CHANGE Mandatory Criterion MC8 to request the name of the resource; 6. CHANGE Rated Criteria RC3 and RC4 to request the name of the proposed resource(s) and indicate that the experience of multiple proposed resources may be used to address each respective criterion; and 7. DELETE the reference of the document titled Federal Workers' Compensation Modernization: Policy Options being attached to the RFP in Annex B -- Statement of Work. ALL OTHER TERMS AND CONDITIONS REMAIN THE SAME ************************************************************************* The purpose of this requirement is to obtain an independent actuarial costing analysis of the short-, medium- and long-term direct and indirect costs if the current federal workers' compensation regime remains unchanged, or if two options for modernizing the regime are implemented. The analysis must include both overall costs of the regime, and costs for (a) the five federal employers with the highest volumes of workers' compensation claims and (b) a selection of federal employers with moderate claim volumes. The analysis should also provide a return on investment (ROI) for the two modernization options.