6-26-25 - Addendum 1 - Q A.pdf
PDF 140 KB Posted
- Attached to
- Actuarial Services State and local contract opportunity
- Solicitation number
- 26-25
- Issued by
- New London County, Missouri
About this file
This is an Addendum (Addendum Number One) dated August 20, 2025, for Bid No. 26-25 issued by Parkway for Actuarial Services, with a bid opening scheduled for August 27, 2025 at 3:00 pm CST. The addendum addresses several clarifying questions about the current actuarial services, including details about the incumbent provider Sageview, who has been providing services for at least 3 years. The document indicates that the school district is required to go out to bid for these services per district policy, and the current provider is permitted to submit a proposal.
The addendum provides specific fee information for recent valuations, with a Full Year valuation (FYE 2024) costing $5,000 and a Roll-Forward Valuation (FYE 2025) costing $2,600. The document also addresses a potential concern about auditing requirements, with the potential bidders noting they are not qualified to perform audits and requesting that this requirement be disregarded. The bid seeks actuarial services specifically for annual valuation work, and the district has requested information about the number of school valuations performed annually by the bidding firm. All other terms and conditions of Bid 26-25 remain unchanged.
View the file
Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| 5-26-25 - Bid Specifications - Actuarial Services.pdf | ||
| 7-GASB 75 Acturial Report - April 2025.pdf | ||
| 1-Federal Work Authorization Program.pdf | ||
| 2-Terms and Conditions.pdf | ||
| 4-26-25 - Vendor Signature Page - Actuarial Services.pdf | ||
| 3-AffidavitofNonCollusion.pdf |
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Text version
ADDENDUM DATED:
ADDENDUM NO:
BID NO:
BID NAME:
BID OPENING:
August 20, 2025
ONE
26-25
Actuarial Services
August 27, 2025 at 3:00 pm CST
This Addendum is issued to modify, explain, or correct the original specifications and is hereby made part of the bidding document:
Question Answer Please provide the last full valuation report. Report
Who is the current actuary and how long have they provided these services?
Sageview - at least 3 years
What fees were paid for the last two valuations?
Full Year valuation (FYE 2024) = $5,000 Roll-Forward Valuation (FYE 2025) = $2,600
1. How long has the current actuary been providing the requested actuarial services?
At least 3 years
2. Is the current actuarial service provider permitted to submit a proposal? If not, why not (e.g., service quality, fees, other)?
Yes
3. Can you please provide the most recent GASB 74/75 report for the other post-employment benefits?
Report
4. What are the annual actuarial fees paid for during each of the previous three years for the requested actuarial services?
Full Year valuation (FYE 2024) = $5,000 Roll-Forward Valuation (FYE 2025) = $2,600
a. Can you split the fees between annual valuation work and special projects?
All we are asking for is annual valuation work.
b. If so, please provide a description of any special projects. N/A
There’s a bullet on top of last page of your RFP that says we’ll need to “describe local & regional office auditing experience in auditing Missouri Public School Districts” and give three contact names/numbers. We want to bid on the actuarial work, but we won’t be provide info re: auditing.
We're not qualified to audit and we doubt that many qualified actuaries are, and we can't audit our own work. Surely we wouldn't be auditing work that someone else at our company provided, as that would raise concerns about independence.
Please disregard this request in the RFP.
Also, there are 4 evaluation considerations at the bottom of the last page. #3 that says “experience of the firm and the number of school audits performed annually". Please address whether we can be considered if we don't do audits.
Yes, please list the number of school valuations performed annually
Why is it out to bid?
Per the school district policy, the district must go out for bid for these services
All other terms and conditions of Bid 26-25 remain the same.
END ADDENDUM NUMBER ONE
(This Addendum consists of 2 page)
Addendum One BID 26-25
File details come from the government source that posted it. Updated .