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Awarded contract·The Metropolitan District·Connecticut

Actuarial Valuation Services-Pension, OPEB & Insurance

$2MAwarded 9/19/2018Single Award
Contract source

Description

The Metropolitan District of Connecticut issued a competitive solicitation (RFQP 2017R‑23) seeking actuarial valuation services for its pension, OPEB, and insurance programs. The award was announced on 19 September 2018, but the winning vendor(s) are not disclosed in the public record. The scope includes actuarial calculations, actuarial consulting, and advisory services related to pension plan funding, post‑retirement medical insurance, and related financial risk assessments. The solicitation attracted multiple consulting firms and actuarial specialists, indicating a broad market interest. • Primary work: actuarial valuations, pension and OPEB funding analyses, and insurance consulting. • Target audience: actuarial firms with experience in public‑sector pension and benefits plans. • Procurement method: full and open competition with a formal RFQP process and a clearly defined question‑submission deadline (20 April 2018).

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
5/8/2018
Intent to award
9/19/2018
Awarded
9/19/2018

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541618
Solicitation №
2017R-23

Contract value

$2,000,000

No monetary value is disclosed in the public documents. Actuarial valuation contracts for a multi‑municipality district of this size typically range from several hundred thousand to low‑single‑digit millions of dollars, depending on the complexity and number of plans covered. Considering the need for comprehensive pension, OPEB, and insurance valuations, a reasonable ball‑park estimate would be between $1 million and $3 million. This range accounts for professional‑service rates (often $150‑$300 per hour), the likely number of hours (4,000‑10,000 hrs), and potential additional consulting deliverables.

AI estimate from the award documents

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