ESBD_483942_1768597523395_RFP No.TRS000627 Economic Impact_Draft RFP Draft Final_1.16.26.pdf

Solicitation Name: Economic Impact Study Consultant Services Solicitation No.: TRS000627

Teacher Retirement System of Texas

Request for Proposals (“RFP”) Solicitation Name: Economic Impact Study Consultant Services

Solicitation Number: TRS000627

NIGP Class/Item Codes: 918-49

Anticipated Schedule of Events

January 16, 2026 Issuance of RFP No Pre-Proposal Conference is scheduled for this RFP

January 22, 2026, 5:00 PM Central Time Deadline for submission of questions

February 6, 3:00 PM Central Time Deadline for submission of Proposals Late Proposals will not be considered

TBD Presentations, demonstrations, interviews, and/or site visits by top-ranked Respondents, if requested.

TRS may elect to conduct presentations, demonstrations, interviews and/or site visits as part of the evaluation process.

Solicitation Contents

I. Summary Details II. Definitions III. Summary of Procurement and Services IV. Price Form V. Historically Underutilized Business Subcontracting Plan Requirements and Information VI. Evaluation Process and Criteria VII. Proposal Submittal Instructions VIII. General Solicitation Instructions IX. Draft Contract (separate document)

Solicitation Section I:

Summary Details

I. Summary Details Purpose/Overview Contractor will utilize data provided by the Teacher

Retirement System of Texas (TRS) to conduct a comprehensive analysis of the economic impact of TRS payments across Texas.

Type of Solicitation Request for Proposal (“RFP”) Issuing Agency

Teacher Retirement System of Texas Procurement & Contracts 4655 Mueller Boulevard Austin, Texas 78723 Attention: Archana Sastry

Purchasing Authority Competitive procurement per Texas Government Code Section 825.103

Mandatory Requirements and Qualifications

Proposals that do not meet the following mandatory requirements/qualifications will be rejected as non-responsive and disqualified:

1) Provide a brief organizational overview highlighting prior experience in providing economic analysis for governmental or nonprofit entities comparable to TRS.

2) The Respondent shall submit documentation to verify they have been in continuous operation performing economic analysis for at least four (4) years.

3) Provide a description of Respondent’s 's internal resources including:

a. Physical office location, geographic locations where services will be managed;

b. Data analysis software or modeling tools to perform economic analysis; and

c. At minimum the Respondent shall identify key roles such as consultant, data analyst, research analyst.

Responses to Solicitation Respondents are required to submit their Responses in TRS’ Procurement and Vendor E-System (“PAVES”). Please see “Proposal Submission Instructions” section on how to create a confirmed bidder account for purposes of submitting a Proposal.

Deadline for Proposals See the due date provided in the Anticipated Schedule of Events.

Initial Contract Term The initial Contract term will be two (2) years from effective date of Contract.

TRS Optional Renewal Terms Four (4) one-year optional renewals. If the awarded Contract includes optional renewal terms, proposed annual pricing will be applied to each such term. TRS does not allow for escalation of pricing for renewals under this Solicitation.

TRS Procurement and Contracts Representative for this Solicitation

Archana.sastry@trs.texas.gov archana.sastry@trs.texas.gov

All questions and inquiries about this Solicitation must be sent to the Procurement and Contracts Representative only.

Contact with TRS Staff Upon issuance of this Solicitation, Respondents and their representatives shall not discuss the contents of this Solicitation with anyone (including other Respondents, potential Respondents, or their representatives), other than the TRS Procurement and Contract Representative identified above.

Except where one of the Vendors is a reseller, Vendors shall not discuss this Solicitation with other Vendors, as such communication may be viewed as possible collusion, which may lead to disqualification. Failure of a Respondent or any of its representatives to observe this restriction may result in disqualification of any related Proposal. This restriction does not preclude discussions between affected parties for the purpose of conducting business unrelated to this Solicitation.

TRS Veteran Heroes United in Business (VetHUB) Coordinator

Blender Hill

(512) 542-6867 Blender.Hill@trs.texas.gov

. Solicitation Addenda Changes to items directly impacting the Solicitation will be posted as an Addendum on the Electronic State Business Daily (“ESBD”) located at https://www.txsmartbuy.com/esbd and in PAVES. It is the responsibility of an interested party to periodically check PAVES or the ESBD for updates to the Solicitation prior to submitting a Proposal.

mailto:archana.sastry@trs.texas.gov mailto:Blender.Hill@trs.texas.gov https://www.txsmartbuy.com/esbd

Questions and Answers Respondents may submit questions regarding this Solicitation to TRS:

Through PAVES by participating in the Question Round of this Solicitation and following the instructions found in “How to Submit a Proposal.”

Questions must be received no later than the due date provided in the Anticipated Schedule of Events.

Telephone inquiries will not be accepted. Each Respondent is solely responsible for verifying TRS’ receipt of its questions.

Respondent Presentations, Interviews, and/or Demonstrations

TRS may request that top-scoring Respondents present an overview of Services proposed in their Proposals. Presentations, interviews, and/or demonstrations will either be performed virtually or at TRS’ offices located at 4655 Mueller Boulevard, Austin, Texas 78723. For dates and time see Anticipated Schedule of Events. The number of top-scoring Respondents will be determined by TRS at its sole discretion.

Solicitation Section II:

Definitions

II. Definitions

As used in this Solicitation, the following capitalized terms shall have the meaning specified below:

A. Agency or TRS: Teacher Retirement System of Texas

B. Artificial intelligence (“AI”): (1) A branch of computer science devoted to developing data processing systems that perform functions normally associated with human intelligence, such as reasoning, learning, and self-improvement. (2) The capability of a device to perform functions that are normally associated with human intelligence, such as reasoning, learning, and self-improvement.

C. Bid, Offer, Proposal, or Response: Documents submitted by a Respondent in response to this Solicitation. “Response” has the same meaning as “Bid”, “Offer” or “Proposal” when such terms are used in the Solicitation.

D. Contract: The definitive written agreement resulting from this Solicitation executed by an authorized representative of TRS and Contractor that formalizes the terms, provisions, covenants, and obligations of the parties, including, but not limited to, those contained in this Solicitation.

E. Contract Manager: The person designated by TRS to be the point of contact between TRS and Contractor for monitoring Contract performance and providing day-to-day interaction and instruction during the term of the Contract.

F. Contractor or Vendor: The Respondent awarded a contract resulting from this Solicitation. “Contractor” or “Vendor” includes employees, representatives, agents, subcontractors, suppliers, and third-party service providers, regardless of how such persons or entities are employed or contracted.

G. Contractor Key Personnel: Individuals who contribute to the development or execution of a project in a substantive, measurable way and whose absence from the project would be expected to impact Contractor’s performance.

H. Days: Calendar days, unless otherwise specified.

I. Financial Interest: Receiving, or having a right to receive, money or other valuable property or benefits under or in connection with the actual or proposed contract; holding a position in a business such as a principal, officer, director, trustee, partner, employee, or the like, or holding a position of management; holding any of the outstanding debt of a person directly involved in the proposed or resulting Contract; or owning stock or other interest in the business.

J. Fiscal Year (FY): The State of Texas and TRS fiscal year that begins September 1 and ends August 31.

K. Project Manager: The individual who will have primary responsibility for planning, procurement, and execution of the project on Contractor’s behalf in any undertaking that has a defined scope, start, and finish, regardless of industry.

L. Relative: A current or former TRS employee’s spouse, father, mother, brother, sister, son or stepson, daughter or stepdaughter, mother-in-law, father-in-law, sister-in-law, brother-in-law, son-in-law, or daughter-in-law.

M. Respondent: The individual or entity submitting an Offer, Proposal, or Response in response to this Solicitation.

N. Responsive Proposal: A Proposal that meets all minimum qualifications and VETHUB and other submission requirements.

O. Services: All requirements, duties, schedules, locations, and other items specified in this Solicitation, including Services associated with Contractor’s performance under a Contract resulting from this Solicitation. Also referred to as “Work.”

P. Vendor or Contractor: The Respondent awarded a contract resulting from this Solicitation. “Vendor” or “Contractor” includes employees, representatives, agents, subcontractors, suppliers, and third-party service providers, regardless of how such persons or entities are employed or contracted.

Solicitation Section III:

Summary of Procurement and

Services

III. Summary of Procurement and Services

A. Introduction

TRS, a public pension fund and entity of the State of Texas created pursuant to article XVI, section 67 of the Texas Constitution and titles 7 and 8 of the Texas Government Code, issues this Solicitation to select qualified vendors to provide for Economic Impact Study Consultant Services. TRS reserves the right to make no award, a single award, or multiple awards.

B. Background

TRS Pension Fund. TRS is a service-oriented public pension system providing retirement, healthcare, and related benefit programs for Texas public education employees, retirees, and their beneficiaries (“Participants”). In addition to the pension fund, TRS administers two

(2) health insurance programs, TRS-Active Care (for TRS’ active members) and TRS-Care (for TRS’ retired members). The mission of TRS is “improving the retirement security of our members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.”

TRS’ pension and healthcare payments impact the Texas economy. TRS is seeking an experienced and qualified Contractor to conduct assessments of the economic impacts of its pension and healthcare payments. These assessments are expected to be provided through one (1) written report that will include contextual analysis of all related findings. TRS requires these assessments to be performed biennially, in even-numbered years. TRS will communicate the results of these assessments to its stakeholders

The Enterprise Program Management Business Unit (BU) in TRS is dedicated to making TRS a more intentional and resilient enterprise through collaboration and partnership with internal and external stakeholders to make them more productive and successful in serving TRS members. Key services provided by this BU are as follows:

1. TRS Data & Project Governance

2. Project & Program Management

3. Research & Analysis

C. Responsibilities of the Selected Contractor

Contractor shall provide Services in accordance with this Solicitation, inclusive of the Contract. The Scope of Work (“SOW”) located within the draft Contract portion of this Solicitation contains two main Service categories as follows:

1. Pension Payments Economic Impact

2. Healthcare Payments Economic Impact

Solicitation Section IV:

Price Form

IV. Price Form

Respondents shall propose fully loaded, firm, fixed prices or hourly rates that are inclusive of all costs of performance, including materials, equipment, labor, communication, and planning to successfully complete Services. If offered, Respondent must provide line-item pricing for each optional feature, product, or service. TRS reserves the right to negotiate further discounts for additional Service classifications. Annual pricing proposed by Respondent will be applied to any optional renewal term. Price escalation for optional renewal terms is not permitted.

Pricing shall be inclusive of travel, meals, lodging, or other related expenses. No amount will be paid for costs or charges incurred by Contractor that are not listed on this form. Direct costs for travel expenses will be paid, provided prior written approval is obtained from TRS’ Contract Manager. Payment of travel costs will be reviewed on a case-by-case basis and is not guaranteed. If approved, travel costs shall be paid in accordance with State of Texas per diem rates and guidelines. Submitted invoices shall include itemized travel expenses to the extent applicable.

Reimbursement is limited to direct costs (no indirect costs) on a case-by-case basis and requires prior written approval of TRS’ Contract Manager before costs are incurred.

Proposed pricing will be evaluated based on fairness, reasonableness, and overall value for

TRS.

Item Description of Service

Unit of Measure

(UOM)

Price per

UOM -

Year 1

Price per

UOM -

Year 2

Price per

UOM -

Year 3

Price per

UOM -

Year 4

Price per

UOM -

Year 5

Price per

UOM -

Year 6

1 Pension Economic Impact Study Services

Annual Pricing

2 Healthcare Economic Impact Study Services

3 Travel Expenses $ (Reference Exhibit B linked in the draft contract:

TRS Allowable Travel Expenses for guidance)

4 A presentation to TRS Management or the $ TRS Board of Trustees

5 Other Cost (if applicable) $ (Provide a list of Other Cost price breakdown here)

Total Overall Cost $

Solicitation Section V:

Veteran Heroes United in Business Subcontracting Plan Requirements

V. Veteran Heroes United in Business (VetHUB) Subcontracting Plan Requirements and Information

In accordance with section 2161.252 of the Texas Government Code and section 20.285 of title 34 of the Texas Administrative Code, each state agency that considers entering a contract with an expected value of $100,000 or more over the life of the contract (including any renewals) shall, before the agency solicits bids, proposals, offers, or other applicable expressions of interest, determine whether subcontracting opportunities are probable under the contract. If subcontracting opportunities are probable, each state agency’s invitation for bids, requests for proposals, or other purchase solicitation documents with an expected value of $100,000 or more shall state that probability and, if probable, require a Veteran Heroes United in Business (“VETHUB”) Subcontracting Plan (“HSP”).

A. TRS’ Determination of VETHUB Subcontracting Opportunities

An evaluation of potential subcontracting opportunities was conducted in accordance with section 2161.252 of the Texas Government Code and it was determined that there are no probable subcontracting opportunities under any anticipated Contract(s) resulting from this Solicitation. Therefore, TRS does not require that an HSP be submitted with Responses.

However, if Respondent determines the need to subcontract for any services, materials, or supplies to fulfill Services, Respondent must follow the instructions in Section B and submit a complete HSP with its Proposal for the Proposal to be considered responsive.

TRS may determine at any point during the life of any Contract(s) resulting from this Solicitation that there are probable subcontracting opportunities and require Contractor to submit an HSP at that time. In addition, if Contractor determines a need to subcontract services, materials, or supplies to a subcontractor at any point during the life of the Contract, Contractor must receive prior written approval from TRS regarding such subcontracting and request a review of an HSP. Contractor may not utilize a subcontractor without prior written approval from TRS. If an HSP is required, Contractor must complete, sign, and monthly submit a Progress Assessment Report (“PAR”) form via PAVES no later than the last day of the month for the remaining life of the Contract. Failure to submit the PAR form with the invoice will cause delay in payment. The PAR form shall be completed by Contractor, even if Contractor declares “self-performing” on the HSP. The PAR form will be provided to Contractor following execution of the Contract.

B. Instructions for Completing an HSP

The HSP form and instructions for how to complete it may be accessed at:

https://comptroller.texas.gov/purchasing/vendor/hub/forms.php. If a Respondent intends to subcontract any portion of Services to a subcontractor other than a certified VETHUB, https://comptroller.texas.gov/purchasing/docs/hub-forms/ProgressAssessmentReportForm.xls https://comptroller.texas.gov/purchasing/vendor/hub/forms.phph

Respondent must retain documentation reflecting that it conducted a solicitation as part of a good faith effort to locate a certified VETHUB to provide the Service.

For information on how to complete an HSP, please contact TRS’ HUB Coordinator, Blender Hill at blender.hill@trs.texas.gov. Respondents must obtain prior approval from TRS if they wish to make changes to the HSP after it is submitted.

A. Finding VETHUB Vendors

For a list of VETHUB vendors, Respondents may use the Centralized Masters Bidders List (“CMBL”) and VETHUB Directory by following these instructions:

1. Access the CMBL and VETHUB Directory at: https://my-cpa.cpa.state.tx.us/tpasscmblsearch/tpasscmblsearch.do.

2. The CMBL page will default to certain fields already checked. Ensure that ‘All Vendors’ is searched.

3. Enter the Class and Item codes (leave ‘Item’ blank to select any).

4. Enter District number to select specific geographic location (leave ‘District’ blank to se-lect all).

5. Click ‘Submit Search’ button.

6. Detail list page will default to certain fields already checked.

7. Check ethnicity fields, gender fields, business description, and any other fields needed.

Click ‘Go.’

8. Identify VETHUBs on the ‘Results For CMBL Plus VETHUBs’ search page (VETHUB cate-gory is on far right).

9. Select VETHUB vendor and click on company name. Use most current listing.

10. Confirm that ‘VETHUB Status’ is “A” (Approved; Active) on ‘Vendor Detail’ page.

11. If vendor appears to meet your needs, solicit a bid or response of interest.

12. Repeat process until you have found a minimum of three (3) certified VETHUBs for each subcontracting opportunity/area identified by TRS or your company.

mailto:blender.hill@trs.texas.gov https://mycpa.cpa.state.tx.us/tpasscmblsearch/tpasscmblsearch.do https://mycpa.cpa.state.tx.us/tpasscmblsearch/tpasscmblsearch.do

B. Assistance Completing an HSP

TRS will provide guidance to Respondents on navigating State of Texas VETHUB forms.

Respondents are encouraged to seek assistance in completing the HSP from TRS’ VETHUB Coordinator, Blender Hill, at (512) 542-6867 or at Blender.Hill@trs.texas.gov.

mailto:Blender.Hill@trs.texas.gov

Solicitation Section VI:

Evaluation Process and Criteria

III. Evaluation Process and Criteria

TRS has exclusive authority under Section 825.103(d) of the Texas Government Code over purchasing goods and services and is statutorily exempt from subtitles D and F of title 10 of the Texas Government Code. In purchasing and contracting for goods and services, TRS will select the Respondent who represents best overall value for TRS based on the Respondent’s ’s qualifications, experience, acceptance of TRS contract terms and conditions, proposed pricing, and other relevant factors that are in TRS’ best interests and comply with TRS' fiduciary duties. “Best overall value” means a combination of factors that, in the judgment of TRS, are most consistent with the best interests of TRS.

A. Initial Submission Compliance Screening and Mandatory Qualifications

During initial screening, TRS will review Proposals for compliance with submission requirements. Failure to meet submission requirements may, at any time, result in a Respondent’s disqualification. Proposals that do not meet the following mandatory qualifications will also be rejected as non-responsive and disqualified:

Mandatory Qualifications:

1) Provide a brief organizational overview highlighting prior experience in providing economic analysis for governmental or nonprofit entities comparable to TRS

2) The Respondent shall submit documentation to verify they have been in continuous operation performing economic analysis for at least a minimum of four (4) years.

3) Provide a description of Respondent’s internal resources including:

a. Physical Office location, geographic locations where services will be managed;

b. Data analysis software or modeling tools to perform economic analysis; and

c. At minimum the respondent shall identify key roles such as Consultant, Data

Analyst, Research Analyst.

B. Evaluation: Initial Round

Proposals which meet all minimum qualifications will advance to the Initial Round of Proposal evaluation. An evaluation committee will evaluate all Responsive Proposals during the Initial Round. TRS may ask questions of or request clarification from any Respondent about its Proposal during the Initial Round. All such questions and clarification requests shall be provided to Respondents by TRS’ Procurement and Contracts Representative.

Responses will be scored under best value standards which are in TRS’ best interests using the following general categories for which weights are shown:

Evaluation Criteria Weight

Respondent Past Performance and Client References 15% Respondent’s Key Personnel 25%

Performance Details 40% Proposed Pricing 20% Total 100%

After Initial Round evaluations are complete, TRS may (1) ask all or only top-scoring Respondents to participate in a Presentation, Interview, and/or Demonstration Round, (2) determine that such a round is unnecessary and ask all or only top-scoring Respondents to participate in a Best and Final Offer (“BAFO”) Round, or (3) make one or more Contract awards based on Initial Round evaluations.

C. Evaluation: Optional Presentation, Interview, and/or Demonstration Round –

Selection Criteria: 10 points

The Presentation, Interview, and/or Demonstration Round allows Respondents to highlight the strengths and unique aspects of their Responses. TRS may ask questions of or request clarification from any Respondent during this Round. All such questions and clarification requests shall be provided to Respondents by TRS’ Procurement and Contracts Representative. Evaluation criteria for the Presentation, Interview, and/or Demonstration Round may include, but are not limited to, Respondent’s:

1. Demonstrated understanding of RFP requirements and ability to satisfactorily describe the processes/methodologies for delivering Services.

2. Demonstrated experience in undertakings similar in scope and complexity to those indicated in this Solicitation, including past performance.

3. Interaction between Respondent’s team members and Respondent’s engagement with

TRS.

4. Presentation quality and ability to meet TRS’ needs.

After the Presentation, Interview, and/or Demonstration Round, Respondents may be required to submit written answers to questions asked during this Round. Presentations, Interviews, and/or Demonstrations will be individually evaluated by each evaluator, who shall provide a score from 0 to 10, with ten being the highest score. Point allocation for this Round will be used to determine which Respondent(s) are considered for the next round.

Points allocated for this Round will not be added to any previous or future round. After this Round is complete, TRS may (1) ask all or only top-scoring Respondents to participate in a BAFO Round or (2) make one or more Contract awards based on Presentation, Interview, and/or Demonstration Round evaluations.

D. Evaluation: Optional BAFO Round

As the BAFO Round is an optional round, TRS strongly encourages Respondents to provide their best pricing and terms with their initial Proposal. TRS may ask questions of and request clarification from any Respondent during this Round. TRS may also request that any Respondent provide additional information during this Round. All such questions and requests shall be provided to Respondents by TRS’ Procurement and Contracts Representative. All information provided to TRS during each round of the evaluation process is taken into consideration in the BAFO Round. Scoring will be based on the same criteria as the Initial Round. Points allocated for this Round will not be added to any other round. After this Round is complete, TRS may make one or more contract awards based on BAFO Round evaluations.

Solicitation Section VII:

Proposal Submittal Instructions

VII. Proposal Submission Instructions

Submission Through PAVES

Respondents are required to submit Responses through PAVES. If awarded a Contract, Contractor will be required to set up a PAVES account, which requires:

1. 2-factor authentication with a cell phone

2. A separate login and password to be created for all Contractor contacts, including Contractor’s accounting department

3. Invoices and deliverables to be submitted through PAVES

A. PAVES

Potential Respondents can find information about PAVES on TRS’ website at:

https://www.trs.texas.gov/Pages/procurement_PAVES.aspx. The following instructions have been developed to assist Respondents in creating and maintaining a PAVES account:

1. PAVES Basic Navigation for Suppliers

2. New Supplier Registration

3. How to Submit a Proposal

4. How to Activate Supplier Profile (if awarded Contract)

B. Creating PAVES Account and Becoming Confirmed Bidder

To become a confirmed bidder in PAVES, Respondent must complete the New Supplier Registration process. By submitting Respondent company’s information, login credentials will be generated by which Respondent can access PAVES. Respondent will then be able to add additional company contacts, edit its profile, and bid on TRS solicitations. The first step is for Respondent to log into the PAVES supplier portal and follow the instructions for New Supplier Registration. If, after submitting registration, Respondent receives an e-mail stating that its registration has been rejected, it’s most likely because Respondent has already been registered in PAVES. Respondents should note that a registration request will be rejected if the submitted tax ID number already exists in PAVES. In that case, Respondents should contact the PAVES help desk at: PAVESHelp@trs.texas.gov.

C. Submitting a Proposal in PAVES

Once a Respondent is logged into PAVES, it may submit a Proposal by following these instructions:

https://www.trs.texas.gov/Pages/procurement_PAVES.aspx https://www.trs.texas.gov/TRS%20Documents/PAVES-basic-navigation-for-suppliers.pdf https://www.trs.texas.gov/TRS%20Documents/PAVES-new-supplier-registration.pdf https://www.trs.texas.gov/TRS%20Documents/PAVES-submit-proposal.pdf https://www.trs.texas.gov/TRS%20Documents/PAVES-activate-supplier-profile.pdf https://trstexas-supplier.ivalua.app/page.aspx/en/usr/login?ReturnUrl=/page.aspx/en/buy/homepage https://www.trs.texas.gov/TRS%20Documents/PAVES-new-supplier-registration.pdf https://www.trs.texas.gov/TRS%20Documents/PAVES-new-supplier-registration.pdf file://ad.trs.state.tx.us/SDrive/General%20Accounting/PURCHASING%20TEAM/Desk%20Reference%20Manual/Solicitation%20Working%20documents%20-%20not%20ready%20for%20release/PAVESHelp@trs.texas.gov

1. Click the “Solicitations” tab at the top

2. Then, click “Show public request for proposals”

3. Then, click the pencil icon next to the name of the solicitation round in which you wish to participate

4. Then, click “Participate in RFx” (you may be asked to click “I acknowledge receipt of this RFx”)

5. Then, select “WILL BID: our intent is to respond to this RFx”

Respondent should follow the instructions found at “How to Submit a Proposal” to complete the PAVES Questionnaire and submit a Proposal. Respondent should note that any solicitation documents, including Addenda, will be found in the section called “Round Documents” within the Overview tab of the Initial Round.

https://www.trs.texas.gov/TRS%20Documents/PAVES-submit-proposal.pdf

Solicitation Section VIII:

General Solicitation Information

VIII. General Solicitation Information

A. Resulting Contract

The resulting contract will be based on the specific terms, conditions, and requirements set forth in this Solicitation and does not become part of the Contract, unless, until, and to the extent a formal agreement is executed by authorized representatives of TRS and Contractor.

B. Addenda

Addenda will be created for any changes to the Solicitation. Such changes may concern, for example, deadline dates, responses to questions, the SOW, or updates to attached documentation. Addenda will generally be posted to the ESBD or in PAVES. Addenda shall be considered part of the Solicitation and will require acknowledgement via Respondent signature. No explanations, interpretations, or changes will be considered official or binding, unless stated in a posted Addendum. It is Respondent’s responsibility to ensure review of all Addenda.

C. Cost of Preparing Response

Respondents are responsible for all costs incurred in the preparation and submission of a Response.

D. Quantity and Nature of Work

Respondents are required to inform themselves of all conditions which may affect performance or pricing of Services. By submitting a Response, Respondents expressly waive claims of misunderstanding as to the quantities or nature of Services required.

E. Late Responses

It is a Respondent’s responsibility to ensure timely delivery of a Response to TRS by the due date and time noted on the first page of this Solicitation. Late Responses will not be considered.

F. TRS’ Acceptance and Rejection of Responses; Solicitation Cancellation

TRS may reject Responses that do not comply with Solicitation requirements or state law.

TRS may also accept or reject all or part of a Response, or, in its sole discretion, request, that any or all Respondents correct any perceived minor deficiencies in Responses, or award

Contract(s) by item or groups of items in the best interests of TRS. TRS reserves the right to cancel this Solicitation at any time before Contract execution.

G. Certification of Interested Parties

Section 2252.908 of the Government Code provides that a state agency may not execute certain contracts with a business entity, unless the entity submits a certificate of interested parties form (“Form 1295”) to the state agency at the time the entity submits the signed contract to the state agency. The Texas Ethics Commission has provided a list of Frequently Asked Questions and Form 1295 on its website at https://www.ethics.state.tx.us/filinginfo/1295/ for Respondents’ review. If Contractor meets requirements for submission of Form 1295, Contractor will be given instructions on how to obtain the form at the time of Contract award.

H. Conflicts of Interest

Respondents shall provide information concerning known potential, apparent, or actual conflicts of interest with their Response behind the applicable tab. Respondents maintain a continuing obligation to disclose known conflicts of interest during the solicitation process and life of any resulting Contract. TRS may refuse to contract with a Respondent or terminate any Contract due to known potential, apparent, or actual conflicts of interest.

I. Protest Procedures

Any protest to this Solicitation or any Contract award resulting from this Solicitation shall be governed by 34 Tex. Admin. Code § 51.2 (relating to Vendor Protests and Appeals). All protests, appeals, and stay requests, if any, must be timely submitted to LegalNotices@trs.texas.gov.

https://www.ethics.state.tx.us/resources/FAQs/FAQ_Form1295.php https://www.ethics.state.tx.us/resources/FAQs/FAQ_Form1295.php https://www.ethics.state.tx.us/filinginfo/1295/ mailto:LegalNotices@trs.texas.gov

C. Responsibilities of the Selected Contractor