TIB-2016-RFP-0001QA.xlsx
XLSX spreadsheet 17 KB Posted
- Attached to
- Investment Consultant Services
- Solicitation number
- TIB-2016-RFP-0001
About this file
Q A log (Answers to Questions)
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Other files
| File | Type | Posted |
|---|---|---|
| Invest_consult_Att_2_PPQ_V2.docx | DOCX document | |
| NDA_CTR_Company_20140418.docx | DOCX document | |
| TIB-2016-RFP-0001_Investment_Consultant.doc | DOC document | |
| Questionnaire_-TIB-2016-RFP-0001.docx | DOCX document |
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Q&A Log
| Question # | Document Name | Page Number | Section | Questions | FRTIB Answers | Change made to RFP & Attachments? |
| 1 | I am wondering if an incumbent exists for the Investment Consultant Services requirement outlined under TIB-2016-RFP-0001 and if so, could you please provide the vendor and the corresponding contract number? | Mercer Investment Consulting Inc, TIB-2011-C-0005 and Aon Hewitt , TIB-2011-D-0001 | ||||
| 2 | Does the Combined Synopsis/Solicitation under solicitation number TIB2016RFP0001 contain requirements similar to a current contract? If possible, please provide the current contract number. Or, is this a new requirement for the government? | Yes. TIB-2011-D-0001 and TIB-2011-C-0005 | ||||
| 3 | I wanted to ask a clarifying question as to the role/s we can provide in the TSP RFP. Can Offerors provide Target Date Portfolios only and answer that part of the RFP? Our expertise are mainly in this area and not as a traditional investment consultant as required in the other part of the RFP. | No. Section L, L.1 Notice to Offerors states An Offeror shall comply with all instructions for this solicitation to ensure submission of a complete proposal. Failure to furnish a complete proposal may result in an unacceptable proposal that is eliminated from award consideration. Offerors shall note their lack of experience in those areas that are applicable. | ||||
| 4 | RFP | L.4 & L.5 | L | On pages L4 and L5 of the document TIB-2016-RFP-0001_Investment_Consultant, it indicates that the Past Performance Evaluation forms shall be submitted, as defined above electronically to FRTIBContracting@tsp.gov Should these Past Performance Evaluation Forms be submitted directly from the evaluator or should these forms be returned to the Offeror, consolidated into one document, then submitted to FRTIBContracting electronically as indicated above? | Past Performance Evaluation Forms shall be submitted by the evaluator to: FRTIBContracting@tsp.gov, and include in the subject line: FRTIB RFP # TIB-2016-RFP-0001, Past Performance Package. | |
| 5 | RFP | L.2 | L | On page L2 of the document TIB-2016-RFP-0001_Investment_Consultant, the direction indicates that the offeror must provide three (3) separate binders. Binder II shall contain the Technical proposal. Binder III shall contain Section B and supporting data. Should Binder I house the Technical proposal and copies of the Past Performance Evaluation Forms? Is there any other documents that should be included in Binder I? | Binder I -All completed parts of the RFP except for Section B, |
Binder II - Technical proposal ( responsed to Attachment 3- Technical Questionnaire), Binder III - Price/Fee -Section B and supporting data
| 6 | Can the references used for the Past Performance Evaluation forms overlap with the references provided in the technical response? | Yes. | ||
| 7 | RFP | Section I & H | We notice that the solicitation incorporates FAR Clause 52.212-4, Contract Terms and Conditions – Commercial Items which allows providers to negotiate additional terms for the agreement. We wanted to confirm that the FRTIB is open to such negotiations, because if selected for the engagement, there are additional terms that would need to be included in the final contract. Specifically, limitation of liability language. | This requirement does not fall under the category of Commercial Items. The clause will be removed in a later amendment. |
| 8 | Please provide a list of task orders the current consultant(s) has completed over the last 3 years | Examples of several past tasks performed for the FRTIB Office of Investments can be found at www.frtib.gov | ||
| 9 | How many manager searches have been conducted over the last 3 years? | 3 searches, C Fund, S Fund and I Fund | ||
| 10 | Can you please provide an example of a past “operational issues and efficiency” project or scope outline? | Examples of past reports done by consultants can be found at www.frtib.gov under board minutes. | ||
| 11 | Can you please provide an example of a past “benchmarking and participant behavior” report? | Examples of past reports done by consultants can be found at www.frtib.gov under board minutes. | ||
| 12 | What recent changes, if any, have been made to the L Fund glide path or underlying asset allocation? | With the exception of the L Income Fund, on January 4, 2016, within the funds' fixed income allocation, the G Fund allocation was increased while the F fund allocation was decreased. Also, in the US equity allocation, the S Fund was reduced and the C Fund increased. The I Fund was targeted to 30% of overall equity allocation for every period in each of the funds. | ||
| 13 | Can you please provide the asset allocation under the current L Fund glide path? | This is available for each of the L Funds individually at www.tsp.gov. See "Lifecycle Funds." | ||
| 14 | Can you please provide a list of the underlying managers within each Fund in the Plan? | The assets of the C, S, I and F funds are managed by Blackrock Trust Company. The G Fund is managed by the FRTIB. Administration for the L Funds is handled by the FRTIB. | ||
| 15 | How many meetings did the current consultants attend in 2014 and 2015? | In 2015, the two consultants each attended one board meeting and no other meetings at the FRTIB. | ||
| 16 | Can you please provide a recent performance report? | Information on returns for the individual core funds and the L Funds can be obtained at www.tsp.gov and www.frtib.gov | ||
| 17 | Regarding the requested Price Proposal, can you please confirm if the Agency is wanting a list of hourly rates by title for each member of the team? Or does the Agency prefer to have a blended (composite) hourly rate for the entire team? | Offerors shall provide a composite rate to accomplish all requirements identified in Section C. Composite rate is: Average rate weighted to account for the task(s). | ||
| 18 | How many meetings per year is the hired consultant(s) expected to attend? |
a. Can you please provide the 2016 meeting schedule?
| It's situational, though, two or three might be a reasonable expectation. | ||||
| 19 | Please clarify the use of the Past Performance Questionnaires. Is it the intent for the contractor (Offerors) to submit the Questionnaire to reference clients and ensure its completion and return to the FRTIB? | Past Performance Evaluation Forms shall be submitted by the evaluator to: FRTIBContracting@tsp.gov, and include in the subject line: FRTIB RFP # TIB-2016-RFP-0001, Past Performance Package. | ||
| 20 | RFP | C | Price will be one of the Evaluation Factors of the Offeror’s proposals. Please clarify how an Offeror should submit Prices. Please define “composite rate” as referenced in providing a composite rate to accomplish all requirements identified in Section C. Is it intended that the Offeror submit fixed-fee pricing for each C.2.1 Tasks – Requirement? Or is the FRTIB looking for the Offeror’s to commit to hourly rates for each staff level that might be involved with the completion of a Task Order? | Offerors shall provide a composite rate to accomplish all requirements identified in Section C. Composite rate is: Average rate weighted to account for the task(s) . |
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