Massachusetts State Lottery Commission - Pre-Qualification for Lifetime Annuity Bids - BD-21-1062-LOT-LOTDO-58328 (2021)
Massachusetts State Lottery | Commonwealth of MassachusettsState · Boston, MA- Due
- Jun 30, 2026
- Deadline passed
- Posted
- Feb 18, 2021
- Contract term
- 3 years
- Primary contact
- Lee Conroy
- (781) 849-5555
The 30-second brief
The Massachusetts State Lottery Commission is seeking qualification responses from recognized insurance companies interested in submitting lifetime annuity bids. The purpose of this Request for Qualification is to establish a qualified list of companies to respond to future bids for funding lifetime grand prizes and guaranteed periodic prize streams. Eligible firms must maintain an AM Best rating of A- or better, at least $100 million in capital and surplus, and at least $1 billion in assets. The submission deadline is June 30, 2026. Proposals must be submitted through COMMBUYS, with initial submissions due March 30, 2021, and rolling enrollment continuing through the open period.
Responsiveness, Minimum Qualifications, Financial Strength, Technical Compliance
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Summary
The Massachusetts State Lottery Commission is seeking qualification responses from recognized insurance companies interested in submitting lifetime annuity bids.
The purpose of this Request for Qualification is to establish a qualified list of companies to respond to future bids for funding lifetime grand prizes and guaranteed periodic prize streams. Eligible firms must maintain an AM Best rating of A- or better, at least $100 million in capital and surplus, and at least $1 billion in assets. The submission deadline is June 30, 2026. Proposals must be submitted through COMMBUYS, with initial submissions due March 30, 2021, and rolling enrollment continuing through the open period.
EVALUATION CRITERIA
4- Responsiveness
- Minimum Qualifications
- Financial Strength
- Technical Compliance
REQUIRED ATTACHMENTS
18- Cover Letter
- Statement of Minimum Qualifications
- Representations and Warranties
- Legal and Other Requirements
- Disclosure Statement
- Mandatory Forms and Enclosures
- Specifications Narrative
- Massachusetts Substitute W-9 Form
- Contractor Authorized Signatory Listing
- Tax Compliance Certification
- Business Reference Form
- Supplier Diversity Program
- Invest in Massachusetts Plan
- Certificate of Non-Collusion
- Insurance Policy
- Electronic Funds Transfer Form
- Prompt Payment Discount Form
- Certificate of Compliance Concerning Personal Data and Personal Information
- Submit to
- https://www.commbuys.com
- Duration
- 60 months
- Scope location
- Canton, MA
- Reported agency
- Massachusetts State Lottery Commission
Questions about this RFQ
How do I respond to this RFQ from Massachusetts State Lottery | Commonwealth of Massachusetts?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is June 30, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: https://www.commbuys.com. For questions, contact Lee Conroy.
Can small businesses or minority-owned firms bid on this RFQ?
Most government agencies, including Massachusetts State Lottery | Commonwealth of Massachusetts in MA, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFQ submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Lee Conroy at (781) 849-5555. Questions and answers are typically shared with all prospective bidders.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Responsiveness, Minimum Qualifications, Financial Strength, Technical Compliance" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Massachusetts State Lottery | Commonwealth of Massachusetts?
All active and historical solicitations from Massachusetts State Lottery | Commonwealth of Massachusetts are tracked and searchable. As a state agency, Massachusetts State Lottery | Commonwealth of Massachusetts regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 3 years. Contract terms may include renewal options.
What documents are required to bid on this RFQ?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Cover Letter, Statement of Minimum Qualifications, Representations and Warranties, Legal and Other Requirements, Disclosure Statement, Mandatory Forms and Enclosures, Specifications Narrative, Massach. Review the full document from Massachusetts State Lottery | Commonwealth of Massachusetts for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Canton, MA. Review the full solicitation for detailed scope requirements.