Utah County Expired/Archived External Purchasing Bids and Request for Price
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Bid No: 2023-31

Bid Name: Actuarial Services

Open Date - Close Date: 11/20/2023 to 12/22/2023

Awarded Vendor:

Description: The intent of this Request for Proposal (RFP) is to obtain firm fixed pricing for a qualified actuarial firm. Utah County Government (the County) is looking to obtain the services of a qualified actuarial firm to conduct biennial valuations and interim financial updates of other postemployment benefits (OPEB) in accordance with Governmental Accounting Standards Board (GASB) requirements. In addition, the County may also ask the same actuarial firm to provide the County with an estimate of its retained liability and an assessment of the amount required to fund self-insured exposures for future years for the County’s Workers’ Compensation (WC), General Liability (GL), and property insurance programs. Finally, the County may request the actuarial firm to provide advisory services, assuring that the OPEB programs meet the objectives for delivering meaningful benefits and comply with all applicable laws and regulations.