NYS Environmental Facilities Corporation OPEB Plan Trust Advisory Services RFP 2026
New York State Environmental Facilities Corporation | State of New YorkState · Albany, NY- Due
- Sep 17, 2026
- Deadline passed
- Posted
- Aug 13, 2026
- Contract term
- 3 years
- Primary contact
- Brian McGuire
The 30-second brief
The New York State Environmental Facilities Corporation (EFC) is soliciting proposals for comprehensive advisory, administrative, and investment management services to establish and manage an OPEB Section 115 Trust. The scope is divided into four tasks: Advisory Services (Establishment), Trust Administration, Investment Management, and Consulting/Miscellaneous Services. Firms may bid on specific service groups or the full scope. Minimum qualifications include 10+ years of experience with Section 115 Trusts, experience with at least three NYS government clients, and a minimum of $500 million in public sector institutional assets under management for investment tasks. The contract term is three years with two optional one-year extensions. Participation goals are set at 30% for MWBE (15% MBE, 15% WBE) and 6% for SDVOB. Proposals are due September 17, 2026, by 2:00 p.m. EST.
Investment Policy Statement, Quarterly and annual financial reports, GASB 75 reporting assistance, Monthly reconciliation reports, Not-to-exceed budgets for miscellaneous tasks
Qualifications and experience, proposed management approach and technical methodology, responsiveness to RFP requirements, diversity practices, interviews, anticipated cost of services
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Summary
The New York State Environmental Facilities Corporation (EFC) is soliciting proposals for comprehensive advisory, administrative, and investment management services to establish and manage an OPEB Section 115 Trust.
The scope is divided into four tasks: Advisory Services (Establishment), Trust Administration, Investment Management, and Consulting/Miscellaneous Services. Firms may bid on specific service groups or the full scope. Minimum qualifications include 10+ years of experience with Section 115 Trusts, experience with at least three NYS government clients, and a minimum of $500 million in public sector institutional assets under management for investment tasks. The contract term is three years with two optional one-year extensions. Participation goals are set at 30% for MWBE (15% MBE, 15% WBE) and 6% for SDVOB. Proposals are due September 17, 2026, by 2:00 p.m. EST.
EVALUATION CRITERIA
6- Qualifications and experience
- Proposed management approach and technical methodology
- Responsiveness to RFP requirements
- Diversity practices
- Interviews
- Anticipated cost of services
REQUIRED DELIVERABLES
5- Investment Policy Statement
- Quarterly and annual financial reports
- GASB 75 reporting assistance
- Monthly reconciliation reports
- Not-to-exceed budgets for miscellaneous tasks
REQUIRED ATTACHMENTS
14- Attachment A-1 Cover Page
- Attachment A-2 Non-Collusive Bidding Certification
- Attachment A-3 State Finance Law Certification
- Attachment A-4.1 MWBE Utilization Plan
- Attachment A-4.3 MWBE & EEO Policy Statement
- Attachment A-4.4 EEO Staffing Plan
- Attachment A-5 Diversity Practices Questionnaire
- Attachment A-6.1 SDVOB Utilization Plan
- Attachment A-7 NYS Business Use
- Attachment A-8 Conflict of Interest
- Attachment A-9 Executive Order 177
- Attachment A-10 Gender-Based Violence Certification
- Attachment A-11 Executive Order 16
- Attachment B Cost Proposal Form
REQUIRED STAFFING
Project Manager, Key Personnel
- Submit to
- Electronic upload via EFC Large File Transfer Form
- Duration
- 60 months
- Scope location
- New York State
- Reported agency
- Environmental Facilities Corporation
Questions about this RFP
How do I respond to this RFP from New York State Environmental Facilities Corporation | State of New York?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is September 17, 2026. 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: Electronic upload via EFC Large File Transfer Form. For questions, contact Brian McGuire.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including New York State Environmental Facilities Corporation | State of New York in NY, 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 Brian McGuire. 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: Project Manager, Key Personnel. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Investment Policy Statement, Quarterly and annual financial reports, GASB 75 reporting assistance, Monthly reconciliation reports, Not-to-exceed budgets for miscellaneous tasks. 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, proposed management approach and technical methodology, responsiveness to RFP requirements, diversity practices, interviews, anticipated cost of services" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from New York State Environmental Facilities Corporation | State of New York?
All active and historical solicitations from New York State Environmental Facilities Corporation | State of New York are tracked and searchable. As a state agency, New York State Environmental Facilities Corporation | State of New York 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 3 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-1 Cover Page, Attachment A-2 Non-Collusive Bidding Certification, Attachment A-3 State Finance Law Certification, Attachment A-4.1 MWBE Utilization Plan, Attachment A-4.3 MWBE & EEO Polic. Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from New York State Environmental Facilities Corporation | State of New York for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: New York State. Review the full solicitation for detailed scope requirements.