24-1644
The linkage to the Strategic Plan is subsection: 6.5 - Deliver services timely and effectively with focus on continual improvement. Award Summary: The award of Solicitation 2024-0620R Actuarial Services & Consulting for Fire, Police Department, and Civilian Plan to Foster & Foster Consulting Actuaries, Inc., dba Foster & Foster, Inc., for a one (1) year term and an estimated award of $50,000.00. . This contract will provide actuarial and consulting services to assist the City in complying with all provisions of HB 2664 codified as §802.1012 Texas Government Code in the review of five years of annual valuations and any experience studies regarding the El Paso Firemen’s Pension Fund, El Paso Policemen’s Pension Fund, and the City of El Paso Employees Retirement Trust Pension Fund. Contract Variance: Not applicable, new contract. Department: Human Resources Award to: Foster & Foster Consulting Actuaries, Inc., dba Foster & Foster, Inc. City & State: Fort Myers, FL Item(s): All Initial Term:1 Year Option Term: NA Total Contract Time:1 Years Annual Estimated Award: $50,000.00 Initial Term Estimated Award: $50,000.00 Option Term Estimated Award: NA Total Estimated Award: $50,000.00 Account(s): 999 - 1000 - 99999 - 544050 Funding Source(s): General Fund District(s): All This was a Request for Proposal, service contract. The Purchasing & Strategic Sourcing Department and the Human Resources Department recommend award as indicated to Foster & Foster Consulting Actuaries, Inc. dba Foster & Foster, Inc., the highest ranked offeror based on the evaluation factors established in the evaluation criteria for this procurement. It is requested that the City Manager be authorized to establish the funding sources and make any necessary budget transfers and execute any and all documents necessary for execution of this award.
- Committee
- City Council
- Requested by
- Purchasing & Strategic Sourcing
- Introduced
- November 19, 2024
- On agenda
- December 3, 2024