About this opportunity
AI summaryThe New York State Olympic Regional Development Authority seeks proposals from onshore USA organizations for offsite actuarial valuation and consulting services. The selected contractor will deliver independent actuarial analysis to support financial reporting, budgeting, financial planning, benefit administration, benefit plan and scenario analysis, data reviews, and audit inquiries. Work will take place at the vendor's office premises. Only onshore United States entities are eligible to submit proposals. Questions are due no later than November 16, 2026, and final proposals must be submitted by December 3, 2026, at 2:00 PM ET.
Buyer and opportunity details
- Client
- New York State Olympic Regional Development Authority
Scope of work
- OPEB actuarial valuation and related calculations under applicable GASB standards
- Measurement of total OPEB liability, net OPEB liability, service cost, and interest cost
- Calculation of all schedules and information for Olympic Authority financial statements
- Evaluation and documentation of census data, benefit provisions, and plan terms
- Reconciliation of changes in OPEB liability from prior valuations
- Sensitivity analyses or alternative measurements upon reasonable request
- Recommendation and documentation of actuarial assumptions and methods
- GASB and financial reporting support including required exhibits and audit responses
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Firm qualifications, public-sector experience, and staff qualifications | Not specified |
| Technical approach, methodology, quality control, responsiveness, deliverables, and project schedule | Not specified |
| Cost / fee proposal | 20% |
Minimum qualifications
- Demonstrated experience providing OPEB actuarial valuation and GASB reporting services to public-sector clients
- Demonstrated knowledge of GASB requirements applicable to governmental OPEB plans
- Maintains professional liability/errors and omissions insurance with acceptable limits
- Sufficient staffing and resources to meet required valuation and reporting timelines
- Must be a Registered Proposer with primary and mandatory secondary contact submitted
Documents to include with your response
- Signed cover letter
- Firm Overview and Experience
- Price Proposal Form (Attachment A)
- Olympic Authority Procurement Requirements/Certifications (Attachment B)
- Code of Business Ethics Certification
- Freedom of Information Law Certification
- Bidder Responsibility Certification
- Certification Under Executive Order No. 16
- Form AC 3290-S New York State Vendor Responsibility Questionnaire (for apparent successful bidder)
- Offerer’s Disclosure of Prior Non-Responsibility Determinations Form
Key dates
- Issuance of RFP
- October 30, 2026
- Deadline for Submission of Questions
- November 16, 2026 @ 3:00 PM ET
- Issuance of Responses to Questions
- November 20, 2026
- Proposal Due Date
- December 3, 2026 @ 2:00 PM ET
- Anticipated Contract Start Date
- January 1, 2027
How to submit
- Method
- Hard copy delivery
- Instructions
- Submit all required proposal documents to Olympic Regional Development Authority, Attn: Edward Kowalewski, Jr., Assistant Counsel, 37 Church Street, Lake Placid, NY 12946. Email or fax submissions are not acceptable. Maximum 30 pages excluding required attachments.
Contract details
- Insurance and bonding
- Comprehensive General Liability with full property insurance; NYS Workers Compensation (C-105.2, U-26.3, SI-12, or CE-200) and Disability (DB-120.1, DB-155, or CE-200); Data Breach and Privacy/Cyber Liability $5,000,000; Technology Errors and Omissions $5,000,000; Crime Insurance $5,000,000; Professional Liability insurance required.