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  5. ›RFP 24-2223 ACTUARIAL VALUATION SERVICES FOR OTHER…

Awarded contract·Chesapeake Public Schools·Virginia

RFP 24-2223 ACTUARIAL VALUATION SERVICES FOR OTHER POST-EMPLOYMENT BENEFITS (OPEB)

Won by Bolton Partners, Inc.$250kAwarded 1/19/2024Single Award
Contract source

Awarded vendors

  • Bolton Partners, Inc.

Description

Chesapeake Public Schools issued RFP 24‑2223 seeking professional actuarial valuation services for its Other Post‑Employment Benefits (OPEB) program. After an open competitive process, the district awarded the contract to Bolton Partners, Inc. The scope, as implied by the title, involves conducting actuarial analyses, preparing valuation reports, and providing related advisory services to assess the district’s OPEB liabilities and funding requirements. No monetary value, performance period, or detailed deliverables are disclosed in the award letter. • Single‑vendor award to Bolton Partners, Inc. for OPEB actuarial services. • Issued by Chesapeake Public Schools (Virginia) on 19 Jan 2024. • Contract details (value, start/end dates, renewal terms) are not provided in the award notice.

Attached files

Key dates

Intent to award
1/19/2024
Awarded
1/19/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541618
Solicitation №
RFP 24-2223

Contract value

$250,000

The award letter does not disclose the contract price. Actuarial valuation projects for a public‑school district’s OPEB program typically range from $100 k to $500 k depending on the size of the employee base, complexity of benefit formulas, and depth of reporting required. Chesapeake Public Schools is a mid‑size district, so a mid‑range estimate of roughly $250 k is reasonable. This figure assumes a one‑time valuation with a modest number of deliverables and standard hourly rates for senior actuarial staff.

AI estimate from the award documents

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