Annual Incentive Compensation Plan Validation Services RFP with an End-to-End Software Solution RFI

The Employees Retirement System of Texas (ERS) has issued a Requestfor Proposals (RFP) seeking a qualified firm (Respondent) to provide AnnualIncentive Compensation Plan Validation Services. Respondent shall provide thelevel of services required in the RFP and meet other requirements that are inthe best interests of ERS, its members, and the state of Texas (State). Respondentshall be required to execute a contract (Contract) provided by, andsatisfactory to, ERS for a period that begins upon execution of the Contract byERS and extends for approximately six (6) years, subject to the terms of theContract. It is anticipated the Contract will be executed in December 2024.ERShas also issued a Request for Information (RFI) seeking information onavailable end-to-end software solutions to streamline and perform calculationsof ERS' incentive compensation plan award payouts. The goal ofthis RFI is to obtain useful information in the development of new asolicitation, should ERS determine there is a need. No contract award willresult from responding to this RFI as it is for informational purposes only.To download the RFP, or submit questions and/or a responseto the RFP and/or RFI, prospective Respondents must first create a profile in Bonfire (ERS' e-procurement portal located at erstexas.bonfirehub.com), whichoperates best on the latest versions of Microsoft Edge, Google Chrome, andMozilla Firefox. Browser cookies must be enabled when accessing Bonfire. Notethat Respondent's primary contact must create a Bonfire profile (with theactual contact person's email address) and download the RFP documents in orderto send and receive messages via Bonfire. RFI responses may also be sent viaemail to ivendorquestions@ers.texas.gov.RFP questions will be accepted via Bonfire until July 23, 2024 at 4:00 p.m. Central Time(CT). Answers to questions will be posted to Bonfire and ESBD on thedate specified in RFP Section A.6.To be eligible for consideration, Respondent is required to submit itsresponse to the RFP in accordance with the instructions set forth in the RFP.Respondents to the RFP must meet the Minimum Requirements set forth in SectionB of the Respondent Questionnaire (AppendixF). All materials in response to the RFP shall be received by ERS viaBonfire no later than August 20, 2024 at10:00 a.m. CT.ERS reserves the right to rebid the RFP if deemed by ERS to be in thebest interests of ERS, its members, and/or the State. ERS also reserves theright to reject any response to the RFP submitted that does not fully complywith the RFP's instructions and criteria. ERS is under no legal requirement toexecute a Contract on the basis of this notice or upon issuance of the RFP andwill not pay any costs incurred by any Respondent in connection with thepreparation of a response to the RFP or RFI. ERS also reserves the right to reviseany provisions set forth in the RFP at any time prior to execution of aContract where ERS deems it to be in the best interests of ERS, its members,and/or the State.Any general questions should be sent to ERS' point of contact, BrittPrewitt, Procurement Specialist, via Bonfire or ivendorquestions@ers.texas.gov.ERS' mailing address is P.O. Box 13207, Austin, Texas 78711-3207.