About this opportunity
AI summaryThe Teachers' Retirement System of the City of New York seeks quotes from qualified onshore USA organizations to provide independent cost allocation assessment and advisory services offsite. The selected consultant must review current cost allocation policies, evaluate allocation methodologies and cost drivers between pension and defined contribution plans, and provide recommendations alongside a final written report. Applicants must possess public sector and governmental accounting experience and submit quotes electronically in PDF format by December 2, 2026. Interested parties must submit written questions to Tariq Wahdat no later than November 20, 2026. The agency will evaluate proposals based on relevant public sector experience, accounting knowledge, personnel qualifications, cost reasonableness, and capacity to complete the project within the required timeline and budget. The maximum engagement budget is $25,000 as a fixed fee or not-to-exceed amount.
Buyer and opportunity details
- Client
- Teachers’ Retirement System of the City of New York
Scope of work
- Review existing cost allocation policies, procedures, methodologies, calculations, and key controls
- Identify unnecessary complexity, manual processes, redundancies, assumptions, and potential sources of error
- Assess reasonableness and appropriateness of cost drivers, allocation bases, and methodologies between pension and defined contribution plans
- Perform root-cause analysis of significant or unexpected fund-level results, focusing on QPP Variable fund allocations
- Provide recommendations to simplify and streamline the cost allocation process while maintaining accuracy and controls
- Provide a project work plan and schedule
- Deliver draft assessment report and discuss preliminary observations with management
- Provide final written assessment report and executive summary suitable for presentation to leadership and governing boards
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Demonstrated understanding of the engagement objectives | Not specified |
| Relevant experience with public sector entities, retirement systems, pension plans, employee benefit plans, or governmental organizations | Not specified |
| Knowledge of cost allocation methodologies, governmental accounting, and internal control frameworks | Not specified |
| Quality and practicality of the proposed approach and work plan | Not specified |
| Qualifications and experience of the proposed engagement team | Not specified |
| Reasonableness and completeness of the cost proposal | Not specified |
| Ability to complete the engagement within the requested timeframe and budget | Not specified |
Minimum qualifications
- Experience evaluating cost allocation methodologies for public sector entities, retirement systems, pension plans, employee benefit plans, or governmental organizations
- Knowledge of public retirement system operations and governance
- Familiarity with governmental accounting, cost allocation principles, and internal control frameworks
- Experience conducting operational assessments
- Demonstrated qualifications and experience of proposed engagement personnel
Documents to include with your response
- Cover Letter
- Understanding of the Engagement statement
- Proposed Approach and Work Plan
- Description of Deliverables
- Qualifications and Experience description
- Engagement Team identification and resumes or biographies of key personnel
- Detailed Cost Proposal including total fixed fee, fee breakdown by task, and hourly rates
- At least two references for similar cost allocation, operational assessment, or advisory engagements
Key dates
- Questions regarding this RFQ
- 11/20/2026
- Quotes must be received by
- 12/02/2026
How to submit
- Method
- Instructions
- Submit electronically in PDF format to Tariq Wahdat, Procurement Manager.
Contract details
- Estimated value
- maximum budget for this engagement is $25,000