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Awarded contract·The Metropolitan District·Connecticut

Actuarial Valuation Services

$350kAwarded 12/12/2023Single Award
Contract source

Description

The Metropolitan District issued a Request for Qualifications and Proposals (RFQP) seeking actuarial valuation services for its pension, other post‑employment benefits (OPEB), and insurance plans. The solicitation (2023R‑13) invites qualified actuarial firms to submit proposals outlining their expertise, methodology, and consulting capabilities to support the District’s retirement and health‑benefit programs. The award was marked as “Awarded” on 12 December 2023, but the winning vendor(s) are not publicly disclosed. • Scope includes actuarial valuations for pension, OPEB, and insurance portfolios. • Requires submission of qualifications, past performance, and proposed approach to valuation and consulting. • Open competition with at least 19 bidders listed, indicating a broad market interest.

Attached files

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

Key dates

Bids closed
8/10/2023
Intent to award
12/12/2023
Awarded
12/12/2023

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541618
Solicitation №
2023R-13

Contract value

$350,000

The solicitation does not disclose a contract value. Actuarial valuation projects for a public utility of the size of the Metropolitan District typically range from a few hundred thousand dollars to low‑single‑digit millions, depending on the complexity of the pension and OPEB plans. Given the breadth (pension, OPEB, insurance) and the fact that it is a multi‑year consulting effort, a reasonable midpoint estimate would be roughly $350,000–$500,000. For the purpose of a single‑value output, I estimate $350,000, acknowledging that the actual award could be higher if the scope expands or lower if the District negotiates a tighter scope.

AI estimate from the award documents

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