Board Compensation Consulting and Executive Search Services
Closed State & local contract opportunity Posted
- Solicitation number
- BPM045429
- State
- Maryland
- Responses due
Opportunity facts
- Jurisdiction
- NIGP code
Opportunity details come from emma.maryland.gov. Updated .
About this opportunity
The Maryland State Retirement and Pension System Board of Trustees is seeking a board compensation consulting and executive search services contractor to assist the Board in several key areas. The selected consultant will work with the Executive Director to (1) develop and make recommendations to the Board to establish a salary scale and determine the qualifications and compensation for the Chief Investment Officer and all other positions within the Investment Division, (2) review the existing organizational structure and classification system of the Investment Division and make recommendations for improvements, and (3) conduct comprehensive compensation studies for the Agency. The contract term is four years with two one-year renewal options. Proposals are due by August 13, 2024 at 5:00 PM local time.
This opportunity has a 0% Minority Business Enterprise (MBE) subcontracting goal for the board compensation consulting services, and a 10% MBE subcontracting goal for the executive search services. The RFP does not indicate any federal funding or small business set-aside designations for this opportunity. No information is provided regarding incumbent contractors or the budget range for this contract.
Opportunity text
The Board compensation consultant will work with the Executive Director to (1) develop and make recommendations to the Board of Trustees for the Maryland State Retirement and Pension System ("Board") to assist the Board in establishing a salary scale and determining the qualifications and compensation for the Chief Investment Officer and all other positions within the Investment Division of the Agency based upon the objective criteria adopted by the Board; (2) review the existing organizational structure and classification system of the Investment Division and make recommendations for improvements to meet the objectives of the Board; and (3) conduct comprehensive compensation studies for the Agency
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