RFP 2026-0400-0239 Institutional Investing Legal Services amendment (1).pdf
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- Solicitation number
- RFP 2026-0400-0239 Institutional Investing Legal Services
- Issued by
- Anchorage Municipality, Alaska
About this file
This is Amendment #1 to RFP 2026-0400-0239, issued by the Alaska Permanent Fund Corporation (APFC), a component of the State of Alaska Department of Revenue, seeking institutional investing legal services from qualified law firms. The amendment provides clarifications to potential offerors through a question-and-answer format addressing four key inquiries regarding Equal Employment Opportunity (EEO) obligations, federal contractor status, pricing structure, and scope of work. The RFP seeks proposals for two distinct service lots: Lot 1 for Full Service Legal Counsel covering investment funds, tax matters, securities regulation, derivatives, and lending matters, and Lot 2 for Specialized Legal Counsel focusing on derivatives, mortgage-backed securities, and structured products. Proposals must be submitted electronically to procurement@apfc.org by April 16, 2026, at 2:00 PM Alaska Standard Time. The contract term will run from June 1, 2026, through May 31, 2031, with five one-year renewal options. Notice of Intent to Award is anticipated on May 6, 2026, with contract execution targeted for June 1, 2026.
The amendment confirms that submission of affirmative action or non-discrimination program plans is not required, and that EEO compliance audits or investigations are not standard practice as part of the procurement process. Services provided under this engagement will not classify the selected firm as a federal contractor or subcontractor. Regarding pricing, SEC 3.07 states that contract prices will remain firm through the initial contract period, clarifying that hourly rates are proposed for the contract term rather than revisable annually. The APFC anticipates that approximately 90 percent of legal work will focus on investment matters, with the remaining work distributed among derivatives, securities regulation, lending, banking, and related areas. Heather Pedersen, Procurement Officer, serves as the primary contact for the procurement, available at (907) 796-1507 or hpedersen@apfc.org.
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Text version
STATE OF ALASKA
Department of Revenue Alaska Permanent Fund Corporation
INSTITUTIONAL INVESTING LEGAL SERVICES
RFP 2026-0400-0239
Amendment # 1 4/2/2026
This amendment is being issued for informational purposes only. This document does not need to be returned with your proposal.
Heather Pedersen Procurement Officer Phone: (907) 796-1507 Email: hpedersen@apfc.org
Questions submitted by potential offerors and answers from the state:
Question 1: In prior years APFC advised that with respect to Article 4 of Appendix A, the EEO obligation does not require the submission of an affirmative action or non-discrimination program plan. Would you please confirm that remains the case. If submission of a plan is now required, where would we find information on the submission requirements?
Answer: Confirmed, that remains the case.
Question 2: In prior years APFC advised that with respect to Article 4 of Appendix A, conducting audits or investigations to determine compliance with EEO obligations is not standard practice or required as part of the procurement process. Would you please confirm that remains the case. If audit or investigation processes are now in place, where would we find information about those processes?
Answer: Confirmed, that remains the case.
Question 3: Would the services requested under this engagement be considered necessary to the performance of any federal contract held by APFC, such that our firm would be viewed as a federal contractor or subcontractor?
Answer: No.
Question 4: With respect to the Cost Proposal, are the hourly rates for 2026 with the understanding that we can revisit every year or are we proposing a rate to be held for five years?
Answer: SEC 3.07 states Contract prices will remain firm through the initial contract period.
Question 5: What percentage of APFC’s work will be investment work vs derivatives, securities regulation, lending and banking, etc?
Answer: 90% Investment work.
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