PS- Alabama State Treasurer RFP for Actuarial Consulting

The Office of the Alabama State Treasurer is requesting proposals for actuarial consulting services, with proposals due September 30, 2026 at 4:30 p.m. CT through the Alabama Buys portal and written questions due September 10, 2026 at 5:00 p.m. CT.

The RFP specifications document does not detail the scope of actuarial services, deliverables, required qualifications or certifications, contract term, estimated value, or incumbent contractor. Prospective bidders must refer to the complete RFP specifications posted on Alabama Buys and contact the State Treasurer's office for comprehensive details on evaluation criteria, compensation structures, contract duration, and all other requirements necessary to prepare a complete proposal.

The standard terms and conditions establish that all contracts are governed by Alabama law with exclusive venue in Montgomery. Suppliers must enroll in E-Verify, register with the Alabama Secretary of State if a foreign corporation, certify sales tax compliance, and provide a Disclosure Statement as required by Alabama Code. The State reserves the right to reject any and all proposals, cancel the RFP, request proof of supplier qualifications, conduct cost realism and price reasonableness analyses, and make changes to the RFP or schedule as deemed necessary prior to proposal due date. The State does not guarantee any volume of business and reserves the right to cancel contracts for services with at least 72 hours' written notice. Suppliers must accept multiple forms of electronic payment at no additional cost, and the State is exempt from paying sales tax. An Intent to Award will be issued before final award, continuing for five calendar days before award becomes final if no protests are filed. The State is prohibited by law from accepting indemnification, choice of law other than Alabama, alternative dispute resolution methods beyond negotiation and mediation, and limitations on damages.