Pension Administration Benchmarking Service

The Florida Department of Management Services intends to enter into a single source contract with CEM Benchmarking, Inc. for Pension Administration Benchmarking Services under solicitation number DMS-26/27-080. The contract is estimated to be valued at 189,000.00 dollars over a three-year term. This procurement is justified as a single source due to the vendor's proprietary service score model, which evaluates over 700 distinct data points, and a longitudinal database containing nearly 30 years of historical data. These capabilities allow for objective, standardized quantitative service analysis and in-depth cost benchmarking to determine the true value-for-spend for the administration of the Florida Retirement System. The notice was posted on September 15, 2026, with a response deadline for prospective vendors to provide relevant information by 1:00 PM ET on October 5, 2026. The primary point of contact for this action is Araceli Serna. If the Department determines that the services are available only from this single source after reviewing any submitted information, it will proceed with the agreement in accordance with Florida Statutes.