Reference Number: 22042154
Request ID:
Date First Offered03/09/2018
Title:Actuarial Consulting Services

Agency Reference Number:SRS19021
Agency:SER - State Employees Retirement System
Purchasing Agency:SER - State Employees Retirement System
Purchasing Agency SPO:Robert Cooper

Status: Closed


Description and Specifications:
The State Employees' Retirement System (SERS) is giving notice of intent to award a contract for the Actuarial Consulting Services Request for Proposal published on March 9, 2018 under Reference Number 22042154.

The Board of Trustees has approved the award to Gabriel, Roeder, Smith & Company.

Key Information

Notice Type:Contract Award Notice

Notice Expiration Date:06/14/2018

Professional & Artistic:Yes
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:No

Does this solicitation contain a Veteran requirement?:No

Relevant Category:General Services

Total Amount of Award:$553,485.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:This represents an estimated five year amount.
Length of Initial Term:60
Contract Begin Date:07/01/2018
Contract End Date:06/30/2023
Renewal Terms:None


Number of Responding Bidders:3
Number of Unsuccessful Bidders:2
Total Number Awarded:1

Listing of All Bidders/Offerors Considered But Not Selected:
The Segal Company (Midwest), Inc.
Foster & Foster Consulting Actuaries, Inc.
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Gabriel, Roeder, Smith & Company$553,485.000%0%

Notice Contact
Name: Robert Cooper
Street Address:2101 S. Vererans Parkway
Zip Code:62704
Phone: (217) 524-0390
Fax Number:(217) 524-9039
EMail Address:Robert.Cooper@SRS.ILLINOIS.GOV

Class Code

Class Codes:


NIGP Commodity/Service Code:946 12 Actuarial Services and Retirement Planning


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