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California State Teachers' Retirement System (CalSTRS)·California

Request for Proposal 5000003380 Audits and Risk Management Board Consultant

Closes 1/26/2026$2.5M – $10MRequest for Proposal
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Description

The California State Teachers' Retirement System (CalSTRS) is seeking a consultant to provide advisory services, training, consulting, and special projects to the Audits and Risk Management (ARM) Committee and Audit Services. The scope of work includes performing independent and objective audit assurance and advisory services to add value and improve CalSTRS' operations. The consultant will assist the ARM Committee in fulfilling its fiduciary oversight responsibilities, including financial reporting, risk management, internal control, and compliance. The contract will be for up to five years with two one-year options to extend. Some key points to consider: • The consultant will report to the Chief Auditor and functionally to the ARM Committee. • The consultant will provide services as described in the scope of work, including advisory services, training, and special projects. • The consultant will work with the ARM Committee to appoint an Audit Committee Financial Expert. • The consultant will provide a fee proposal that covers costs for services as described in the scope of work. • The consultant will be required to complete and return various attachments, including a proposal questionnaire, fee proposal, and key personnel form. • The consultant will be evaluated based on their proposal, including their experience, qualifications, and fee proposal. • The contract will be awarded to the highest-scoring responsive and responsible proposer.

Attached files

Contact

Fam Saechao(Central Procurement Analyst)

[email protected]

Key dates

Opened
12/29/2025
Questions due
1/6/2026
Closes
1/26/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541610
Solicitation №
0000037598

Budget estimate

$2,500,000 – $10,000,000

The budget for this opportunity is not explicitly stated in the document. However, based on the scope of work and the fact that the contract will be for up to five years with two one-year options to extend, it is likely that the budget will be in the range of $500,000 to $2 million per year, depending on the services provided and the level of expertise required. The total budget for the five-year contract could be in the range of $2.5 million to $10 million.

AI estimate from the solicitation

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