This Solicitation opportunity from Texas was posted on August 7, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Compensation Consultant Services
Contract Overview
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The Teacher Retirement System of Texas (TRS) is seeking an independent compensation consultant under solicitation TRS000694 to provide objective, third-party expertise for the TRS Board and executive management. The selected contractor will be responsible for the development, review, and validation of compensation structures and performance plans for Board direct reports, including conducting annual evaluations of total compensation and providing independent recommendations for Executive Director performance pay. Key deliverables include target market reviews, assessments of performance pay plan designs, educational support on compensation strategies, and an annual compensation report. The contract is designed for an initial three-year term with two optional one-year renewals, and the basis of award is best value, weighted heavily toward performance detail, past performance, key personnel, and the proposed work plan. To be eligible, respondents must possess at least five years of experience in compensation analysis for financial or pension industries, working with Boards of Trustees, and developing executive incentive strategies for large public or non-profit organizations. The contractor must operate as an independent entity, adhering to strict compliance standards including Texas Government Code requirements for cybersecurity training, TX-RAMP certification, and the TRS Background Check Policy. Administrative requirements include submitting invoices and deliverables through the PAVES system, with payments issued within 30 days of an undisputed invoice. The contract is subject to the availability of state funds and requires the contractor to maintain specific insurance coverages and avoid any actual or potential conflicts of interest.
General Info
Agency
Place of Performance
TX, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
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