5000003002,_Addendum_2.pdf

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Attached to
5000003002
Solicitation number
0000033061
Issued by
California

About this file

This document is an Addendum to a Request for Proposal (RFP) issued by the California State Teachers' Retirement System (CalSTRS) for Compensation Consultation Services. The purpose of this Addendum is to revise Section C.9., Standard Conditions of Service, in the original RFP. The changes involve modifications to the language related to the acceptance of alternate agreement terms and the negotiability of CalSTRS' Terms and Conditions. The Addendum also includes information regarding the Darfur Contracting Act Certification that proposers must complete as part of their submissions. The original RFP was issued on October 11, 2024, and the final submission date is not affected by this Addendum.

The RFP seeks the assistance of consultants with experience in both public sector compensation practices and private sector incentive pay plans to provide advice and consultation on executive and investment compensation strategies, design and structure, and accepted compensation practices and methodologies. The contract term and any potential renewal options are not specified in the provided information.

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5000003002_Compensation_Consultation_Services.pdf PDF
5000003002,_Addendum_1.pdf PDF

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Text version

California State Teachers’ Retirement System Michael Thao, Procurement

Procurement@CalSTRS.com

November 12, 2024

TO: All Interested Parties

FROM: California State Teachers’ Retirement System

SUBJECT: ADDENDUM NUMBER 2 TO REQUEST FOR PROPOSAL 5000003002 FOR

COMPENSATION CONSULTATION SERVICES

The California State Teachers’ Retirement System, also known as CalSTRS, issued an RFP for Compensation Consultation Services on October 11, 2024.

The purpose of this Addendum 2 is to:

1. Revise RFP section C.9., Standard Conditions of Service.

Changes identified in bold with an underline indicate new language. Changes identified with a strikethrough indicate language removed. All pages with changes are labeled with REVISED in the right-hand corner of the documents. Existing pages should be replaced with the revised pages in the solicitation package.

Prospective Proposers are reminded that it is their responsibility to review the entire addendum and updated solicitation to consider these modifications when preparing their submissions.

This Addendum DOES NOT affect the final file date.

Sincerely, Michael Thao mailto:Procurement@CalSTRS.com

REVISED November 12, 2024 Request for Proposal 5000003002

Compensation Consultation Services

9. Standard Conditions of Service

a. All performance under the agreement shall be completed on or before the termination date of the agreement.

b. CalSTRS does not accept alternate agreement language from a prospective contractor. A proposal with alternate language will be considered a counter proposal and may be rejected. CalSTRS Terms and Conditions are not negotiable. At time of negotiation, reasonable requests for modification of certain terms may be considered by CalSTRS at its discretion. Please refer to the sample agreement for a sample of the agreement that may be awarded. Proposers should review the sample agreement and terms and conditions included within it before submitting a proposal.

c. No oral understanding or agreement shall be binding on either party.

10. Darfur Contracting Act Certification

Pursuant to the Darfur Contracting Act of 2008, Act, “scrutinized companies” are ineligible to submit a proposal for an Agreement with a state agency. As such, the Proposer must certify compliance with the Act by completing (a.) or (b.) as defined below:

a. Completing Attachment 5, Darfur Contracting Act Certification, certifying that:

b.

1) It is not a scrutinized company pursuant to Public Contract Code, PCC, Section 10476, or

2) It is a scrutinized company as defined by PCC Section 10476 but has received written permission from the Department of General Services to submit a bid or proposal pursuant to PCC Section 10477(b), OR

c. Indicating on Attachment 1, Required Attachments/Exhibits Checklist &

Certifications, that within the previous three (3) years it has not had any business activities or other operations outside of the United States.

Proposals submitted without a completed Attachment 5, Darfur Contracting Act Certification, may be deemed ineligible unless the Proposer has indicated on Attachment 1, Required Attachments/Exhibits Checklist & Certifications, that it has satisfied the requirements under this section.

File details come from the government source that posted it. Updated .