Attachment B - Actuarial Consulting Financial Proposal.xlsx

This is a Financial Proposal Form for actuarial consulting services for the Maryland State Retirement & Pension Systems, identified as RFP BPM055357. The proposal requests pricing for Annual Actuarial Valuations (including State Pool and Combined State and Municipal Pools, as well as Municipal Pool valuations), Actuarial Consulting Services, and Experience Study & Analysis Services. The contract structure includes a five-year base term with four optional renewal years, requiring offerors to submit detailed pricing for each contract year and option year. Services will be performed from a location specified by the offeror, with the contract administration appearing to be managed through a centralized procurement process.

The Financial Proposal Form is divided into two sections for evaluation purposes: Section A contains Evaluated Fixed-Fee Services weighted at 90 percent of the final evaluated price, while Section B contains Evaluated Unit-Rate Services for Employer Valuation Services weighted at 10 percent. The unit-rate services, which include New Entrant Employer Valuation, Withdrawing Employer Valuation, Intra-System Transfer Valuation for Employers, and Participating Employer Pay-down or Payoff Valuation services, are excluded from the total contract amount as they are transaction-based services billed directly to participating employers. Offerors must complete all line items without amendment or alteration; failure to adhere to submission instructions may result in proposal rejection. The form requires submission of offeror information including FEIN, contact details, and authorized signature with date.