Presidential and Executive Compensation Study RFP

Solicitation # BPM050766
Posted 4/17/25, 2:50 PM
No Updates
Due 5/8/25, 3:00 PM
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The University System of Maryland (USM) has issued Request for Proposal (RFP) No. 00000111-SA seeking consulting services to conduct a comprehensive Presidential and Executive Compensation Study. The study will analyze compensation structures for approximately 110 key positions, including the USM Chancellor, presidents of USM institutions, Executive Directors at three Regional Centers, and staff supporting the Board of Regents. Key deliverables include a detailed written report with findings and recommendations, validation of current compensation processes, and recommendations for improvements based on industry best practices. Contractors must submit a two-volume proposal: a technical volume and a financial volume, with a firm not-to-exceed fee amount and number of man-hours for completing the study. The evaluation criteria will focus on the contractor's experience with similar studies, understanding of the higher education sector, quality and clarity of deliverables, and adherence to project timelines and milestones. Critical dates include a May 1, 2025 deadline for questions and a proposal submission deadline of May 8, 2025 at 3:00 PM. The university reserves the right to request best and final offers and conduct oral presentations with short-listed proposers.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. Contractors must provide references, samples of past compensation studies, a proposed methodology, and project organization details, demonstrating compliance with Maryland and federal regulations. The financial proposal should include all associated costs such as fringe, markup, overhead, G&A, and profit, with reimbursable travel expenses excluded. While a specific budget range is not disclosed, the comprehensive nature of the study covering 110 positions suggests a significant scope of work. The ultimate goal is to provide the Committee on Governance & Compensation of the USM Board of Regents with a comprehensive analysis that can inform future compensation strategies for executive leadership within the University System of Maryland.

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