Request for Proposals - ARMB Outside Counsel
Agency:State of Alaska, Department of Law
State:Alaska
NAICS Code:541110
Industry:Financial Services
Solicitation Type:Request for Proposal
Solicitation ID:RFP 2026-0300-0077
10/28/2025
Close Date:12/5/2025
Projected Award Date:1/9/2026
Project Duration:3 years
Last Updated:Please visit the bid source via the “Link to Bid Source” button below for documentation.
Jedediah Smith(Procurement Officer)
Jed.smith@alaska.gov or 03procurement@alaska.gov
(907) 465-4337
$7,500,000 – $150,000,000
The budget for this opportunity can be estimated based on the average value of the private market investments made by ARMB. With 5-10 investments per year, each averaging $50-100 million, the total investment value per year is $250-1000 million. Assuming a 1-5% legal fee for these investments, the annual budget for the selected law firm could be $2.5-50 million. Over the 3-year contract term, this would translate to a total budget of $7.5-150 million. However, this is a rough estimate and the actual budget may vary depending on the specific services required and the fees negotiated.
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