A technology consulting firm says it will try to take the guesswork out of updating life, health and annuity company administration systems.

LIDP Consulting Inc., Woodridge, Ill., says it will quote prospective clients an initial fixed rate for an implementation study. While doing the implementation study, analysts will estimate the exact cost of consolidating existing administration systems and consolidating them on a single new system.

LIDP then will provide a fixed-cost quote for the conversion effort, the company says.