Description
The State of Florida’s Department of Management Services (DMS) is seeking to confirm a single‑source procurement for pension administration benchmarking services. DMS intends to contract with CEM Benchmarking, Inc. to provide a three‑year service that collects, validates, and analyzes over 700 data points related to pension plan administration, delivering cost‑benchmarking and best‑practice recommendations. The effort supports the Division of Retirement’s mandate to optimize efficiency and achieve cost reductions for the Florida Retirement System, which manages $212.6 billion in assets. Prospective vendors may submit information by 1:00 PM ET on 10 May 2026; the agency will evaluate submissions to confirm that no competitive source exists.
• Service: Pension administration benchmarking (cost accounting/benchmarking)
• Duration: 3 years, effective upon first purchase order
• Estimated contract value: $189,000
• Single‑source justification: Proprietary data‑collection model and 30‑year longitudinal database unique to CEM Benchmarking
• Required submission: Information on ability to provide the service by 10/05/2026
• Primary contact: Araceli Serna (DMS)