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Awarded contract·Frederick County Procurement & Contracting Dept·Maryland

Actuarial Consulting Services For The Frederick County Retirement Plans And Length Of Service Award Program

Won by AON Consulting, Inc. +6 more$250kMultiple Award
Contract source

Awarded vendors

  • AON Consulting, Inc.
  • Bolton Partners, Inc.
  • Boomershine Consulting Group, LLC
  • Cavanaugh McDonald Consulting, LLC
  • USI Consulting Group
  • Foster & Foster Actuaries, Consulting
  • Gabriel, Roeder, Smith & Company

Description

Frederick County, Maryland is seeking actuarial consulting services for its retirement plans and length of service award program. The contract includes services for the Frederick County Employees Retirement Plan (Non-Uniformed), Frederick County Uniformed Employees Retirement Plans, and the Length of Service Awards Program (LOSAP). The contract was awarded to multiple vendors, including AON Consulting, Inc., Bolton Partners, Inc., and others. The scope of work includes providing actuarial consulting services, including valuation and assumption studies, and other related services. Key information about the contract includes the bid type (RFP), bid number (22-392), and the agency responsible for the contract (Frederick County Procurement & Contracting Dept). Some of the key points from the contract documents include: • The contract is for actuarial consulting services for the Frederick County retirement plans and length of service award program. • The contract includes services for the Frederick County Employees Retirement Plan (Non-Uniformed), Frederick County Uniformed Employees Retirement Plans, and the Length of Service Awards Program (LOSAP). • The contract was awarded to multiple vendors. • The scope of work includes providing actuarial consulting services, including valuation and assumption studies, and other related services. • The contract has a pre-bid conference scheduled for January 12, 2023, at 10:00 AM EST. • The contract has a bid submission date of February 3, 2023, at 3:00 PM EST. • The contract has various attachments, including experience study reports, valuation reports, and worksheets.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541612
Solicitation №
22-392

Contract value

$250,000

The contract value is not explicitly stated in the document. However, based on the scope of work and the number of vendors awarded the contract, it is likely that the contract value is significant. A rough estimate of the contract value could be in the range of $100,000 to $500,000 per year, depending on the specific services provided and the duration of the contract. Factors that may influence the contract value include the complexity of the actuarial services required, the number of employees covered by the retirement plans, and the level of expertise required to provide the services.

AI estimate from the award documents

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