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Awarded contract·City of Dover·Delaware

Pension and Other Post Employment Benefits (OPEB) Actuarial Services and Benefit Consulting

Won by Bolton$500kSingle Award
Contract source

Awarded vendors

  • Bolton

Description

The City of Dover, Delaware issued an RFP for actuarial and benefit‑consulting services related to its pension and other post‑employment benefit (OPEB) programs. After an open competition that attracted eleven firms, the contract was awarded to Bolton, a national consulting firm specializing in actuarial analysis. The scope is limited to providing actuarial calculations, valuation reports, and ongoing consulting support for the city’s pension and OPEB plans. No budget, contract term, or renewal language is disclosed, and the City’s direct contact information is absent from the provided files. • Scope: Actuarial analysis and consulting for municipal pension and OPEB programs • Awarded Vendor: Bolton (single‑award) • Competition: 11 submitters including major consultancies (Aon, Milliman, etc.) • Location: Contract administered by the City of Dover, Delaware; work to be performed by Bolton from its Baltimore office.

Attached files

Key dates

Bids closed
6/13/2023

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541618
Solicitation №
23-0017FN

Contract value

$500,000

No explicit contract dollar value is provided. Based on typical municipal actuarial consulting engagements for a city of Dover’s size, similar contracts range from $200,000 to $1,000,000 per year, depending on the complexity of the pension and OPEB plans and the scope of ongoing advisory services. Assuming a mid‑range engagement with a single vendor and a multi‑year horizon, a reasonable ballpark estimate is roughly $500,000 total. This estimate factors in the professional rates for senior actuaries, the expected deliverables (valuation reports, ongoing consulting), and the scale of a mid‑sized municipal pension fund.

AI estimate from the award documents

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