About this opportunity
AI summaryThe buyer seeks a vendor to provide actuarial services for its self-insured workers' compensation and liability programs offsite. The selected consultant will estimate outstanding losses as of June 30, 2027, and project ultimate limited losses for the 2027/28 and 2028/29 fiscal years. Eligibility is limited to onshore United States organizations. Prospective bidders must submit any questions no later than November 18, 2026. Responses can be submitted digitally via email or online for a two-year contract period. The buyer is currently looking for proposals to establish the project budget.
Buyer and opportunity details
- Client
- Monterey-Salinas Transit District
- Solicitation No.
- 27-02
Scope of work
- Estimate outstanding losses including ALAE on full-value and discounted bases as of June 30, 2027
- Project ultimate limited losses for 2027/28 and 2028/29 on full-value and present-value bases
- Project losses paid during 2027/28 and 2028/29 limited to the self-insured retention
- Provide a statement affirming report conclusions are consistent with GASB Statement No. 10
- Produce a written report containing an easily understood non-actuary section and a technical support section
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Best value to MST, taking into account both quality and cost | Not specified |
| Lowest responsible proposer responsive to the RFQ | Not specified |
Minimum qualifications
- Qualified Actuary
- Minimum of three (3) examples of relevant written work, with no less than one prepared for a local government organization or comparable entity
Documents to include with your response
- Cover letter of interest and transmittal
- Firm details (legal name, address, phone, fax, email, year established, business type)
- Approach and schedule of deliverables
- Summary of qualifications, related experience, and references
- Proposed project approach, methodology, deliverables, project management, and team bios/resumes
- Minimum of three (3) examples of relevant written work
- Appendix B.01 – Certification of Responsibility Matters
- Appendix B.02 – Federal Tax Delinquency and Conviction Certification
- Appendix B.03 – Non-Collusion Affidavit
- Appendix B.04 – Proposer’s Statement Regarding Insurance Coverage, Appendix B.05 – RFQ Compliance or Exception, and Appendix B.06 – Cost Proposal
Key dates
- Issue Date
- Wednesday, November 4, 2026
- Question Submission Deadline
- Wednesday, November 18, 2026 at 12:00 P.M.
- Deadline to Submit Quotations
- Wednesday, December 2, 2026 at 5:00 P.M. PST
- Alternative Submissions Deadline noted in Timeline
- NO LATER THAN 5:00 P.M. on Friday, October 30, 2026
- Contract effective date
- January 1, 2027
How to submit
- Method
- Electronic via MST's Bonfire eProcurement Portal
- Instructions
- Upload to https://mst.bonfirehub.com/portal/?tab=openOpportunities; hard copy submissions will not be accepted; cover letter not to exceed two pages; offers valid for 90 days
Contract details
- Term
- Two (2) years through December 31, 2028, with options to extend for two (2) additional two (2) year terms
- Insurance and bonding
- Appendix B.04 Proposer's Statement Regarding Insurance Coverage is required