Request for Proposals for Actuarial Valuation of Other Post-Employment Benefits (OPEB) – Governmental Accounting Standards Board (GASB) Statements No. 74 and No. 75 and Accounting and Financial Reporting for GASB Statement No. 68
Association of Monterey Bay Area GovernmentsMPO · Monterey, CA- Due
- May 13, 2025
- Deadline passed
- Posted
- Apr 29, 2025
- Contract term
- 5 years
- Primary contact
- Diane Eidam
- (831) 883-3755
The 30-second brief
The Association of Monterey Bay Area Governments (AMBAG) is seeking proposals for actuarial valuation services for Other Post-Employment Benefits (OPEB) and accounting and financial reporting for pensions. The contract period is five years, from fiscal years ending 2026 to 2031, with a not-to-exceed budget of $40,000.
Actuarial valuations, reports, journal entries, financial statement footnotes for GASB 68, 74, and 75; Public Statement of Actuarial Opinion (PSAO); sensitivity analysis; meeting presentations; Annual Comprehensive Financial Report (ACFR) material; annual gain/loss analysis.
Qualifications and Experience of Proposer Firm (including References), Project Experience, Staff Qualifications, Fee Proposal, Oral Interviews.
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Summary
The Association of Monterey Bay Area Governments (AMBAG) is seeking proposals for actuarial valuation services for Other Post-Employment Benefits (OPEB) and accounting and financial reporting for pensions.
The contract period is five years, from fiscal years ending 2026 to 2031, with a not-to-exceed budget of $40,000.
EVALUATION CRITERIA
5- Qualifications and Experience of Proposer Firm (including References)
- Project Experience
- Staff Qualifications
- Fee Proposal
- Oral Interviews
REQUIRED DELIVERABLES
6- Actuarial valuations, reports, journal entries, financial statement footnotes for GASB 68, 74, and 75
- Public Statement of Actuarial Opinion (PSAO)
- Sensitivity analysis
- Meeting presentations
- Annual Comprehensive Financial Report (ACFR) material
- Annual gain/loss analysis
REQUIRED ATTACHMENTS
5- Attachment A (Cost Estimate)
- Attachment B (Subconsultant List)
- Attachment C (AMBAG Professional Services Agreement)
- Exhibit D (DBE Information Form)
- Exhibit E (Certifications)
REQUIRED STAFFING
3- Submit to
- 24580 Silver Cloud Court, Monterey, CA 93940
- Scope location
- Monterey, San Benito and Santa Cruz County region
Questions about this RFP
How do I respond to this RFP from Association of Monterey Bay Area Governments?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is May 13, 2025. 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: 24580 Silver Cloud Court, Monterey, CA 93940. For questions, contact Diane Eidam.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Association of Monterey Bay Area Governments in CA, 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 RFP 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 Diane Eidam at (831) 883-3755. Questions and answers are typically shared with all prospective bidders.
What staffing is required for this project?
This solicitation outlines specific staffing requirements. The required roles include: Lead Analyst/Project Manager, supervising actuary, qualified actuarial personnel.. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Actuarial valuations, reports, journal entries, financial statement footnotes for GASB 68, 74, and 75; Public Statement of Actuarial Opinion (PSAO); sensitivity analysis; meeting presentations; Annual Comprehensive Financial Report (ACFR) material; annual gain/loss analysis.. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Qualifications and Experience of Proposer Firm (including References), Project Experience, Staff Qualifications, Fee Proposal, Oral Interviews." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Association of Monterey Bay Area Governments?
All active and historical solicitations from Association of Monterey Bay Area Governments are tracked and searchable. As a mpo agency, Association of Monterey Bay Area Governments regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
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: Attachment A (Cost Estimate), Attachment B (Subconsultant List), Attachment C (AMBAG Professional Services Agreement), Exhibit D (DBE Information Form), Exhibit E (Certifications).. Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from Association of Monterey Bay Area Governments for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Monterey, San Benito and Santa Cruz County region. Review the full solicitation for detailed scope requirements.