The Public School Employees Retirement System (PSERS) is seeking proposals for actuarial services. The deadline for submitting proposals is February 2, 2026. The contract will commence on the effective date and will end five 5 years from the effective date. Small Diverse Businesses (SDB) and Veteran Business Enterprises (VBE) are encouraged to respond. The issuing office will hold an SDB and VBE goal setting information session on January 13, 2026. The proposal must include both paper and electronic copies. The selected offeror must perform at minimum, 51 of the work under this contract. The selected offeror must provide a comprehensive transition plan to PSERS for review and approval within two weeks of the effective date of the purchase order. The selected offeror must develop and submit a comprehensive turnover plan for review and approval by PSERS that details the proposed schedule, activities and resource requirements associated with the turnover tasks identified.
The deadline for submitting proposals is February 2, 2026, 2:00 pm ET.
The evaluation criteria include technical (65%), cost (35%), domestic workforce utilization (bonus points), and Iran Free Procurement Certification. The issuing office will rank responsible offerors according to the total overall score assigned to each, in descending order.
To be eligible for selection, a proposal must be timely received, properly signed, contain a completed SDB and VBE participation submittal. The total score for the technical submittal of the offerors proposal must be greater than or equal to 75 of the available technical points and the offerors financial information must demonstrate that the offeror possesses the financial capability to assure good faith performance of the contract.
A late fee of **** per day may be assessed against the prime contractor if the utilization report is not submitted in accordance with the schedule. Upon bdisbo notifying the contracting agency that a prime contractor did not comply with the sdb commitments or vbe commitments, the contracting agency shall notify the prime contractor in writing of its findings and shall specify what corrective actions are required.
Offerors may file a protest within seven 7 days after the protesting offeror knew or should have known of the facts giving rise to the protest, but in no event may an offeror file a protest later than seven 7 days after the date the notice of award of the contract is posted on the dgs website.
