NYC-Board of Education Retirement System Awards Consulting Contract to Cem Benchmarking Inc (December 2023)
NYC-Board of Education Retirement SystemCity · New York, NY- Disclosed value
- Not to exceed $48,750, with options to renew for up to three additional years
- From agendapacket
- Approved
- Dec 12, 2023
The 30-second brief
The Board of Education Retirement System approved a sole-source contract with CEM Benchmarking Inc. for administration benchmarking services for a two-year term starting in fiscal year 2024, not to exceed $48,750, with options to renew for up to three additional years. The authorization follows a detailed sole-source determination confirming CEM as the only provider of comprehensive U.S. pension benchmarking using actual fund data.
Cem Benchmarking Inc holds this consulting contract with NYC-Board of Education Retirement System. Its other public contracts on record include work for South Carolina Retirement System Investment Commission | State of South Carolina and Ohio Retirement Study Council | State of Ohio.
Term as filed: Two years commencing in fiscal year 2024, with three one-year options to renew (potential total of five years).
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Contract details
- Contract type
- Consulting
- Amount
- Not to exceed $48,750, with options to renew for up to three additional years
- Document date
- December 12, 2023
- Term
- Two years commencing in fiscal year 2024, with three one-year options to renew (potential total of five years)
- Vendor
- Cem Benchmarking Inc
- Source document
- Board of Education Retirement System AgendaPacket 2023-12-12 (AgendaPacket)
Cem Benchmarking Inc's other public contracts
More NYC-Board of Education Retirement System contracts
Questions about this contract
Who was awarded the consulting contract by NYC-Board of Education Retirement System?
Cem Benchmarking Inc was awarded this consulting contract by NYC-Board of Education Retirement System, as recorded on December 12, 2023. The contract value is Not to exceed $48,750, with options to renew for up to three additional years.
How much is the Cem Benchmarking Inc contract with NYC-Board of Education Retirement System worth?
The Cem Benchmarking Inc contract with NYC-Board of Education Retirement System is valued at Not to exceed $48,750, with options to renew for up to three additional years, covering consulting work.
What type of contract is this?
This is a Consulting contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Board of Education Retirement System AgendaPacket 2023-12-12 (AgendaPacket), dated December 12, 2023 from NYC-Board of Education Retirement System. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cem Benchmarking Inc hold?
Cem Benchmarking Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is NYC-Board of Education Retirement System currently buying?
Explore NYC-Board of Education Retirement System's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.