| Contract No. | Contract Name & Location | School District |
|---|---|---|
| GP-0201-R01 | Actuary Services | N/A |
The New Jersey Schools Development Authority (the "NJSDA") is seeking to engage a Consultant to provide an actuarial valuation report, as of January 1, 2013, for the GASB 45 retiree post-employment benefit liability for the active and retired employees for the NJSDA. This report will be due to the NJSDA within sixty (60) days of engagement. During the term of the engagement, the NJSDA may request additional computations of the GASB 45 liability.
Package Number: GP-0201-R01
Package Name: Actuary Services
NJSDA Prequalification: None Required
Copies of the RFP documents can be downloaded by clicking the link below:
Click here for electronic copies.
The NJSDA shall not hold a traditional pre-proposal conference for this procurement. All Firms wishing to submit a proposal must sign in electronically by sending a mandatory e-mail Notice of Intent to Participate to Daryl Johnson at djohnson@njsda.gov no later than 5:00 PM Eastern Time on July 9, 2013.
Firms may submit written questions regarding this procurement to the NJSDA by sending them by e-mail to Daryl Johnson at djohnson@njsda.gov no later than 5:00 PM Eastern Time on July 9, 2013. The questions and answers shall be provided via an addendum to the RFP to each firm that submitted a timely e-mail Notice of Intent to Participate.
Proposals must be received by 5:00 PM Eastern Time on July 23, 2013, and may be mailed or hand delivered as set forth in the RFP.
Proposing firms must submit a true copy of their valid business registration certificate issued by the New Jersey Division of Revenue and complete a Moral Integrity Questionnaire.
Evaluation Criteria: For this procurement, price shall be weighted as 40% of the overall score, and non-price factors shall be weighted as 60% of the overall score. Submissions that are not responsive will be rejected without evaluation. Responsive submissions will be ranked pursuant to the following evaluation criteria:
- Price Proposal - 40% of Final Combined Score
- Firm Experience - 60% of Final Combined Score
In addition, to be selected, a firm must be approved for moral integrity, pursuant to a review by the New Jersey State Police, as set forth in the RFP. Bidders must comply with the requirements of P.L. 2005, c. 51, and implementing rules.
DATE ADVERTISED: June 25, 2013