This Solicitation opportunity from New York was posted on February 10, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Actuarial Audit Services

Closed

2118690State & Local

Submission Closed03/04/2025, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 541211

New

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Construction Auditing Services – San Mateo Event Center Improvement Projects

Solicitation # 2027-RFP - Informal-00183

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POSTED

2 days ago

DEADLINE

in 6 months

AI Contract Overview

The New York State Teachers Retirement System (NYSTRS) is seeking to engage a qualified independent actuary to conduct an evaluation of its Actuarial Valuation as of June 30, 2024. The purpose of this assessment is to enable the Consultant to provide an opinion on the reasonableness and accuracy of the valuation results, including actuarial assumptions, the funded percentage, employer contribution rates, and the application of the actuarial cost method, all in accordance with specified requirements. The contract is for a one-time service, with a deadline for responses set for March 4, 2025, and will be performed across all counties in New York State, with the contract value estimated between $50,000 and $200,000. Bidding documents are officially distributed through the Bonfire portal, and vendors are advised to obtain official copies from this source to ensure they receive all relevant attachments and updates. The solicitation emphasizes the importance of adhering to the official procurement process and notes that the contract is not set aside for service-disabled veteran-owned businesses. The engagement aims to support NYSTRS in maintaining accurate actuarial assessments, which are critical for financial planning and contribution rate setting, ensuring transparency and compliance with relevant standards.

General Info

Agency

New York State Teachers Retirement System

NAICS

541211 - Offices of Certified Public Accountants

Place of Performance

NY, USA

Set-Aside

NONE

Documents

No documents available

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Timeline

PhaseClosed

PostedFeb 10

Solicitation

Response DeadlineMar 4

Deadline has passed

Submission Closed

03/04/2025, 12:00:00 AM UTC

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Organization & Contact Information

AgencyNew York State Teachers Retirement System

ContactsNo contacts available

OfficeN/A

Organization / Agency

New York State Teachers Retirement System

Office AddressN/A

ContactsNo contact information available

Full Description

NYSTRS is seeking the services of a qualified independent actuary (Consultant), to provide an evaluation of the Actuarial Valuation as of June 30, 2024 sufficient to allow the Consultant to express an opinion regarding the reasonableness and/or accuracy of valuation results, actuarial assumptions, funded percentage, employer contribution rate and application of the actuarial cost method in accordance with specifications indicated in this Request for Proposal. IMPORTANT NOTICE – Bid Distribution: NYSTRS officially distributes bidding documents through Bonfire. Copies of bidding documents obtained from any other source are not considered official copies. Only those vendors who obtain bidding documents from the Bonfire portal are guaranteed to receive all attachments, drawings or addendum information, if such information is issued. If you have obtained this document from a source other than through the official Bonfire System, it is recommended that you obtain an official copy. Vendors interested in obtaining the official version of the solicitation may register to download the solicitation at: https://nystrs.bonfirehub.com/portal. Service-Disabled Veteran-Owned Set Aside: No Due date:03/04/2025 Contract term: one time services County(ies): All NYS counties Location: Albany NY Business entities awarded an identical or substantially similar procurement contract within the past five years: None