Investment Accounting and Financial Reporting Services

The Texas Emergency Services Retirement System (TESRS) has issued a Request for Proposal (RFP) to solicit proposals from qualified vendors to provide investment accounting and financial reporting services. The selected vendor will be responsible for performing monthly investment accounting tasks, preparing various financial reports, providing ad-hoc reporting, and executing other accounting duties. The contract is expected to be effective from September 1, 2024 through August 31, 2028, with TESRS having the option to extend the contract for one additional one-year period. The RFP outlines the required minimum qualifications, which include specific experience and licensing for the lead professionals, as well as financial stability and several years of experience providing accounting services to state or local government retirement plans. The evaluation criteria will be based 75% on the respondent's demonstrated competence, knowledge, and qualifications, and 25% on the reasonableness of the cost proposal. TESRS reserves the right to negotiate final contract terms, enter into parallel negotiations with more than one respondent, and request a best and final offer. Respondents must adhere to specific formatting and submission requirements, including delivering the response in a sealed package by the deadline of July 10, 2024 at 2:00 PM CDT.

The RFP does not mention any set-aside designations or restrictions on the types of organizations that can respond. The current incumbent or contractor, if any, is not specified. The RFP also does not provide any information on the possible award value or budget range for this contract opportunity.