Total Compensation and Actuarial Services

The government authority located in Colorado requires a USA-based vendor to provide offsite total compensation and actuarial consulting services. The selected contractor must evaluate the competitiveness of State salaries and benefits using rigorous, industry-standard methodologies. The scope of work includes benchmarking state compensation components against local, national, and federal data from public and private sectors, offering subject matter expertise on market trends, and delivering evidence-based recommendations. Additionally, the contractor must supply market data up to four times annually for system maintenance studies and participate in requested meetings regarding methodology, survey data, report findings, and ad hoc analyses. The buyer seeks proposals to determine the budget for this contract. Eligible bidders must be onshore USA organizations. Bidders must submit all questions no later than September 29, 2026.