Management Audit of the Water and Power Employees' Retirement Plan RFP

This contract involves conducting a management audit of the Water and Power Employees' Retirement Plan in Los Angeles, as mandated by the Los Angeles City Charter Section 1112. The audit is to be performed by an independent, qualified management auditing firm selected jointly by the Mayor, City Council, and Controller, forming a Committee responsible for overseeing the process. The purpose of the audit is to evaluate whether the pension system operates efficiently and economically, with a particular focus on assessing asset allocation and overall management practices. The contract is part of a broader city effort to ensure transparency, accountability, and optimal performance of its pension systems, with the audit scheduled to occur at least once every five years. The solicitation for this project, titled "Management Audit of the Water and Power Employees' Retirement Plan RFP," was posted on September 4, 2025, with a response deadline of October 24, 2025. The project falls under NAICS code 541211, indicating a focus on management consulting services, and has an estimated contract value ranging from $50,000 to $200,000. The Office of the City Controller in California is managing the procurement process, with Nicole Osborn serving as the primary contact. Interested firms can find additional details and submit proposals through the provided online link.