Actuarial Services
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
The Sacramento Housing and Redevelopment Agency (SHRA) is soliciting proposals for a qualified actuarial services firm to manage its Other Post-Employment Benefits (OPEB) program. The primary objective is to obtain professional support for measuring liabilities, supporting funding decisions, and ensuring accurate financial reporting in compliance with GASB 75 standards. The scope of work includes performing full actuarial valuations, developing Actuarially Determined Contributions (ADCs), and providing advisory services for prefunding strategies. The selected contractor will be responsible for delivering reports in electronic PDF and Excel formats and providing ongoing assistance to SHRA staff and independent auditors. The contract is structured for an initial one-year term with options to extend for up to four additional periods, not to exceed five years in total. Performance includes specific valuation reports due as of December 31 for the years 2026 through 2030. Selection is based on a two-stage process where firms must score at least 70 percent on the technical proposal to be considered responsive. Evaluation criteria focus on qualifications, past performance with similar governmental agencies, project team expertise, and the proposed methodology for valuations and GASB 75 reporting. Administrative requirements include the submission of proposals via the Agency's Electronic Bid Portal by October 29, 2026, with an anticipated start date of December 7, 2026. Awardees must maintain appropriate insurance naming SHRA as an additional insured, comply with the Federal Privacy Act of 1974, and certify that they have no conflicts of interest. Subcontracting is generally prohibited. Payment will be made based on itemized invoices referencing a purchase order, with options for task-based, monthly, or quarterly billing.
General Info
Agency
Place of Performance
CA, USASet-Aside
Timeline
Response Deadline
Organization & Contact Information
Interested Companies (9)
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Full Description
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