S25-0101_Vendor_Letter.pdf
PDF 51 KB Posted
- Attached to
- GovInvest Enterprise Platform
- Solicitation number
- S25-0101
- Issued by
- Orange County, Orlando City, Florida
About this file
This is a Sole Source Letter dated October 25, 2024, from GovInvest Inc. to Deborah Girard, Deputy Chief Administrative Officer of the City of Orlando, Florida. The document confirms that GovInvest is the exclusive developer and distributor of its Enterprise Platform modules, including the Labor Costing Module, Live Compensation Module, Pension Module, and OPEB Module. The sole source opportunity is numbered S25-0101, with a response deadline of Tuesday, November 26, 2024, at 5:00 p.m. (ET), during which time alternative suppliers can submit product information or statements of qualifications to the Purchasing Agent.
The modules offer specialized functionalities for public sector agencies, including instant labor cost proposal analysis, monthly compensation data aggregation, market analysis, and actuarial projections for pension and OPEB costs. The Labor Costing Module provides detailed cost breakdowns by bargaining unit and individual employee, while the Live Compensation Module enables comparative market analysis and compensation strategy insights. The Pension & OPEB Modules allow for comprehensive financial projections and funding policy determinations. GovInvest emphasizes that these products must be purchased directly from them, with no other authorized agents or dealers permitted to sell or distribute their technology solutions.
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| File | Type | Posted |
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| GovInvest_Enterprise_Platform.pdf |
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Text version
Re: Sole Source Letter October 25, 2024
To: Deborah Girard
Deputy Chief Administrative Officer
City of Orlando
Dear Deborah, This letter serves as a sole source document for products developed by GovInvest Inc.
This letter confirms as owners and developers that the GovInvest Enterprise Platform and all solution components are distributed solely by GovInvest. Modules included in this Sole Source documentation include the GovInvest Labor Costing Module, the GovInvest Live Compensation Module, and the
GovInvest Pension Module, and the GovInvest OPEB Module. No other vendor develops and distributes similar software applications which have the same functionality as these modules.
The Labor Costing Module presents a custom dashboard that instantly costs out proposals by bargaining unit down to the individual employee level. The software analyzes all employee costs by every type of pay and benefit package alongside census information to provide interactive visualizations and reporting to better understand the fiscal impact of a proposal down to the department level, job type, fund and other reporting demographics during costing and negotiations or budgeting. The software also streamlines operations and validates costing at the bargaining table by creating transparency and understanding as well as effective position budgeting.
The Live Compensation Module aggregates total compensation data and refreshes the data on a monthly basis. The module provides key compensation market analysis such as how a specific classification compares to the market median and allows the user to perform adjustments to job matching, as desired, while providing documentation of the sources of all underlying data. The module automates compensation studies and provides insights into compensation strategies for public sector agencies.
The Pension & OPEB Modules provide instant actuarial analysis for agencies to determine appropriate funding policies, optimal payment strategies, and long-term projections of future pension and OPEB costs. The modules perform a full actuarial valuation in each projected year, taking into account future assumptions, decrements, and any user adjustments to reflect actual experience. The Pension & OPEB
Modules allow the user to get the most up-to-date and accurate information to better plan and budget for pension and OPEB costs.
There are no other agents or dealers authorized to sell or distribute these products or our technology solutions. These products must be purchased directly from GovInvest. Please advise with further questions.
Sincerely, Michael Fryke
CEO
GovInvest Inc.
8605 Santa Monica Blvd
PMB 52465
West Hollywood, CA 90069
File details come from the government source that posted it. Updated .