About this opportunity
AI summaryThe San Diego Association of Governments seeks offers for professional actuarial consulting services covering other post-employment benefits and pension or health plan consulting. Specific duties include completing actuarial valuations, forecasting retirement plan funding requirements, evaluating benefit funding alternatives, developing funding strategies, and conducting financial risk mitigation studies. Eligible onshore United States organizations will perform the work offsite at their own office premises. Offerors must submit Part B1 of the offer and the Part B2 price sheet via BidNet Direct by December 10, 2026, at 4:00 PM PST. Questions must be submitted through BidNet Direct by November 16, 2026, at 4:00 PM PST. The agency will evaluate responsive, responsible proposals on a best-value basis using qualifications, experience, cost, and optional interviews. The estimated contract value ranges from $45,000.00 to $70,000.00 over a project duration of five years.
Buyer and opportunity details
- Client
- SAN DIEGO ASSOCIATION OF GOVERNMENTS
- Solicitation No.
- SOL1705642
Scope of work
- Completion of biennial Retiree Health Benefits Program valuations compliant with GASB 57
- Preparation of five annual reports compliant with GASB 75 split by three entities
- Preparation of material for the Annual Comprehensive Financial Report for GASB OPEB requirements
- Preparation of annual gain/loss analysis and cash flow analysis
- Strategic consulting regarding changes to plan design
- Documents and certifications for CalPERS financial statements and OPEB funding policy
- Virtual kickoff meetings and optional presentations to Board of Directors and Executive Committee
- On-call pension and health plan consulting, funding strategies, and risk mitigation studies
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Qualifications & Experience | 30 points |
| Project Approach | 30 points |
| Cost | 30 points |
| Additional Information | 10 points |
| Interview questions (if interviews are utilized) | 25 points |
Minimum qualifications
- Consultant must be registered with CalPERS to prepare OPEB valuations
- Reports must be prepared and signed by a Fellow or Associate of the Society of Actuaries
- Signer must be a Member of the American Academy of Actuaries or have equivalent qualifications acceptable to CalPERS Board
Documents to include with your response
- Part B1: Offer (including proposals addressing the Evaluation Criteria)
- Part B2: Price Sheet (in excel)
- Offeror Information
- Offeror Certifications
- Proposed Subcontractor Certifications
- Forms
- Supplementary Terms and Conditions (if applicable)
- W-9 (successful Offeror upon request)
- Insurance Certificates (successful Offeror upon request)
Key dates
- Release Date
- November 6, 2026
- Deadline for Questions
- November 16 , 2026 4:00 PM PST
- Deadline for Offer Submittal
- December 10, 2026 4:00 PM PST
How to submit
- Method
- Electronic via BidNet Direct
- Instructions
- Offer documents must be uploaded via BidNet Direct. Offers submitted by mail, facsimile, or email will not be accepted. Missing pages or unopenable files may be considered non-responsive.
Contract details
- Term
- Five (5) years
- Estimated value
- $45,000.00 to $70,000.00
- Insurance and bonding
- Insurance is required as specified in the Standard Services Agreement; certificates must be provided within 15 days of Notice of Intent to Negotiate and prior to work commencement.
- Funding
- Federal: FTA, FHWA, State Other Federal; State: SB1, SHA, State Other; Local: Transnet, TDA, Local Other; 49 CFR Part 26