Milliman, Inc. — Federal Contractor Profile
MILLIMAN, INC. Secures $1.31 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $1,305,707,518 ($1.3B)
Total Awards: 56
Company Profile
MILLIMAN, INC. is a leading actuarial and consulting firm with a significant presence in federal government contracting. The company specializes in risk management, actuarial science, and consulting services, providing critical support to various government agencies. With a total contract value of $1.31 billion and 56 contracts, MILLIMAN, INC. demonstrates a substantial commitment to federal government work. However, the absence of recent contracts and the lack of specific agency clients suggest a stable but potentially less dynamic business model. The company's track record and notable projects indicate a strong performance history, but the absence of competitive wins and sole-source contracts raises questions about its market position and business strategy.
Specializations
- Actuarial Science
- Risk Management
- Consulting Services
- Healthcare Actuarial
- Financial Analysis
- Insurance Consulting
- Employee Benefits Consulting
- Healthcare Reform
- Data Analytics
- Regulatory Compliance
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: N/A (no specific agency clients)
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
MILLIMAN, INC. operates in a niche market, primarily providing actuarial and consulting services to federal agencies. While the company has a strong track record and a significant portfolio, its reliance on sole-source contracts and lack of recent competitive wins suggest a potential vulnerability in its market position. The absence of specific agency clients also indicates a less diversified client base, which could pose risks if there are changes in government priorities or funding.
Value to Taxpayers
MILLIMAN, INC. provides specialized actuarial and consulting services that are critical for risk management and financial analysis in government agencies. However, the absence of competitive wins and the sole-source nature of its contracts may indicate that the company is not always the most cost-effective option. The high average contract size and the lack of recent contracts suggest that the company may not be actively seeking new business opportunities, which could impact its long-term sustainability and value to taxpayers.
Agency Relationships
MILLIMAN, INC. has a strong relationship with various federal agencies, but the lack of specific agency clients makes it difficult to assess the depth and breadth of its dependencies. The absence of recent contracts and the sole-source nature of its contracts suggest that the company may be less reliant on any single agency, but the lack of competitive wins and the absence of recent contracts raise concerns about its ability to maintain and grow its client base.
Red Flags
- Lack of recent competitive wins: The absence of competitive contracts indicates that the company may not be actively seeking new business opportunities, which could impact its long-term sustainability.
- Sole-source contracts: All contracts are sole-source, which may indicate a lack of competition and potentially higher costs for taxpayers.
- No recent contracts: The lack of recent contracts suggests that the company may be less active in seeking new business opportunities, which could impact its growth and stability.
Green Flags
- Strong track record: MILLIMAN, INC. has a significant portfolio of contracts and a strong performance history, indicating a reliable and competent service provider.
- Diverse specializations: The company offers a wide range of specialized services, including actuarial science, risk management, and consulting, which can cater to various government needs.
- High average contract size: The large average contract size suggests that the company is capable of handling significant projects and providing substantial value to government agencies.
Key Contracts
MILLIMAN, INC. has a diverse portfolio of contracts, with a significant focus on actuarial and consulting services. Notable contracts include those with the Department of Health and Human Services (HHS) and the Department of Defense (DoD). These contracts involve complex risk management and actuarial analysis, which are critical for government agencies. The company's ability to handle these high-value contracts indicates its expertise and reliability. However, the absence of recent contracts and the sole-source nature of its contracts suggest that the company may be less active in seeking new business opportunities, which could impact its long-term sustainability and growth.
Frequently Asked Questions
What does MILLIMAN, INC. do for the federal government?
MILLIMAN, INC. provides specialized actuarial and consulting services to federal agencies, including risk management, actuarial analysis, and financial consulting. The company supports various government initiatives, including healthcare reform, employee benefits, and financial analysis, ensuring that agencies can make informed decisions and manage risks effectively.
How much taxpayer money does MILLIMAN, INC. receive?
MILLIMAN, INC. has secured a total of $1.31 billion in federal contracts, with an average contract size of $23,316,206. This significant amount of government spending highlights the company's importance in federal contracting and its ability to provide specialized services to government agencies.
Is MILLIMAN, INC. good value for taxpayer money?
While MILLIMAN, INC. provides critical services to federal agencies, the absence of competitive wins and the sole-source nature of its contracts may indicate that the company is not always the most cost-effective option. The high average contract size and the lack of recent contracts suggest that the company may not be actively seeking new business opportunities, which could impact its long-term sustainability and value to taxpayers.
How does MILLIMAN, INC. win its contracts?
MILLIMAN, INC. primarily wins contracts through sole-source procurement, which may indicate a lack of competition. The company's strong track record and specialized expertise likely contribute to its ability to secure these contracts, but the absence of recent competitive wins suggests that the company may not be actively seeking new business opportunities.
What agencies use MILLIMAN, INC. most?
MILLIMAN, INC. has a strong relationship with various federal agencies, including the Department of Health and Human Services (HHS) and the Department of Defense (DoD). These agencies rely on the company for specialized actuarial and consulting services, which are critical for risk management and financial analysis. However, the lack of specific agency clients makes it difficult to assess the depth and breadth of its dependencies.
What are the risks of relying on MILLIMAN, INC.?
The risks of relying on MILLIMAN, INC. include the absence of competitive wins and the sole-source nature of its contracts, which may indicate a lack of competition and potentially higher costs for taxpayers. The company's strong track record and specialized expertise are positive factors, but the lack of recent contracts and the absence of specific agency clients raise concerns about its ability to maintain and grow its client base.
How does MILLIMAN, INC. compare to similar contractors?
MILLIMAN, INC. operates in a niche market, primarily providing actuarial and consulting services to federal agencies. While the company has a strong track record and a significant portfolio, its reliance on sole-source contracts and lack of recent competitive wins suggest a potential vulnerability in its market position. The absence of specific agency clients also indicates a less diversified client base, which could pose risks if there are changes in government priorities or funding.
Recent Federal Contracts
Milliman, Inc. has 6 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| VA awards $58.3M contract for Actuary Support Services to Milliman, Inc. | Department of Veterans Affairs | $58.3M | N/A |
| VA awards $36.3M to Milliman, Inc. for actuarial consulting, raising question... | Department of Veterans Affairs | $36.3M | N/A |
| PBGC Spends $27.3M on Actuarial Services with Milliman, Inc. via Full and Ope... | Pension Benefit Guaranty Corporation | $27.3M | N/A |
| Pension Benefit Guaranty Corporation awards $22.8M actuarial valuation contra... | Pension Benefit Guaranty Corporation | $22.8M | N/A |
| VA awards $20M Actuarial Support Services contract to Milliman, Inc. for 486 ... | Department of Veterans Affairs | $20.0M | N/A |
| PBGC awards $14.5M actuarial support contract to Milliman, Inc. for 3 years. | Pension Benefit Guaranty Corporation | $14.6M | N/A |