Town of Simsbury Pension & OPEB Actuarial Services RFQ
Town of Simsbury, Town of Simsbury, CT·City
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- Primary Contact
- Lee Erdmann · (860) 658-3230
- Submission Address
- [email protected] (electronic format only)
SUMMARY
The Town of Simsbury is seeking proposals from qualified consulting firms to provide actuarial services for its pension and OPEB plans. Services include annual valuations, GASB reporting, and advice on plan management and compliance.
EVALUATION CRITERIA
Background and experience, qualifications of key personnel, references, technical understanding, proposed schedule, and proposed fees.
REQUIRED DELIVERABLES
Annual actuarial valuations and written reports for pension plans., Biannual OPEB actuarial valuations and written reports., GASB disclosure reports., Public Statement of Actuarial Opinion (PSAO)., Analysis of proposed plan changes., Formal valuation reports with methodology, review, and recommendations., Presentations of findings., Annual Retiree Health Care Trust statements., Advice on federal and state regulations.
REQUIRED ATTACHMENTS
Letter of Transmittal, Project Understanding, Service and Staffing Plan, References, Fee Proposal.
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Work in government? Get Civic IQ free →Frequently asked questions
Common questions about this solicitation, answered from the record.
How do I respond to this RFQ from Town of Simsbury?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 13, 2023. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected] (electronic format only). For questions, contact Lee Erdmann.
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Background and experience, qualifications of key personnel, references, technical understanding, proposed schedule, and proposed fees." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Town of Simsbury?
All active and historical solicitations from Town of Simsbury are tracked and searchable. As a city agency, Town of Simsbury regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What documents are required to bid on this RFQ?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Letter of Transmittal, Project Understanding, Service and Staffing Plan, References, Fee Proposal.. Review the full document from Town of Simsbury for the complete list.
Can small businesses or minority-owned firms bid on this RFQ?
Most government agencies, including Town of Simsbury in CT, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFQ submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Lee Erdmann at (860) 658-3230. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Annual actuarial valuations and written reports for pension plans., Biannual OPEB actuarial valuations and written reports., GASB disclosure reports., Public Statement of Actuarial Opinion (PSAO)., Analysis of proposed plan changes., Formal valuation reports with methodology, review, and recommendat. Proposals should clearly address how each deliverable will be met.
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