Reserve Fund Adequacy Actuarial Study Service

The government authority in Baltimore, MD, requires a vendor to perform a reserve fund adequacy actuarial study for a one-year contract period. The selected vendor must conduct a reserve adequacy validation to evaluate the Board's $100 million reserve floor, build an evidence-based rationale, and benchmark the policy against comparable entities. Additionally, the vendor must advise on long-term reserve considerations by modeling at least three scenarios—flat revenue/expenditures, moderate growth, and stress/decline—to pinpoint when reserves might drop below appropriate levels and identify necessary adjustments. The vendor must also complete a risk assessment covering surcharge revenue volatility, federal grant dependency, legislative risks, and unplanned capital expenditures. The buyer expects offsite work performance from USA-only vendors. The buyer asks bidders to submit proposals for the budget. Key dates include a pre-bid meeting on September 14, 2026, and a final deadline for all questions on September 15, 2026.