When is the submission deadline?

Submissions are due July 10, 2026. Questions must be submitted by June 16, 2026.

What is the budget for this RFP?

The published budget is $800,000 – $1,500,000.

It was issued by Controller's Office, City And County Of San Francisco. The work is located in San Francisco, California, United States.

Who is a good fit for this opportunity?

Experienced actuarial consulting firms with expertise in GASB reporting. Specialization in public sector or governmental accounting standards. Proven track record with large and complex public sector clients. Ability to provide both standard and as-needed actuarial advisory services. Strong presence or experience serving clients in California.

Governmental Accounting Standards Board Actuarial Valuation Services (Due July 10, 2026)

Overview

Financial, Legal, HR & Staffing

San Francisco, California, United StatesPosted: June 11th, 2026Deadline: July 10th, 2026

Fit Score

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SUMMARY

RFP seeking actuarial valuation and advisory services to support GASB reporting compliance for a California government authority, including as-needed consulting over a two-year term.

KEY REQUIREMENTS

Must provide lead supervising actuary(ies) for both GASB 73 and GASB 74/75 work
Lead supervising actuary must be a Fellow or Associate of the Society of Actuaries, Fellow of the Conference of Actuaries in Public Practice, or Member of the American Academy of Actuaries
Lead supervising actuary must have a minimum of five years of experience as a supervising actuary including consulting services, experience analyses, and valuations assignments
Lead supervising actuary for GASB 73 must have experience with major defined benefit retirement plans, including specific reference to involvement with public retirement systems
Must be experienced handling large, multi-plan and multi-tier employers
Must be available to commence work on or before April 1st, 2027
Must submit a full 8-year and 3-month budget in RFP Attachment 6
Must be registered as a City Bidder or Supplier through the Supplier Portal

BUDGET

Verified

$800,000 – $1,500,000

CONTRACT DURATION

99 months

TIMELINE

Request for Proposals Issued: June 10th, 2026

Deadline for Written Questions: June 16th, 2026

Answers to RFP Questions Posted: June 18th, 2026

Deadline for Courtesy Intent to Respond: June 22nd, 2026

Proposal Due Date: July 10th, 2026

Short-Listing Notification for Oral Interviews: August 6th, 2026

Oral Interviews: August 19th, 2026

Notice of Intent to Award A Contract: September 8th, 2026

QUESTION DEADLINE

June 16th, 2026

Issuing Agency

Controller's Office, City And County Of San Francisco

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The selected vendor will provide actuarial valuation and advisory services related to Governmental Accounting Standards Board (GASB) requirements for a government authority in California. This includes delivering actuarial valuations and necessary materials for the annual comprehensive financial report in compliance with GASB OPEB reporting and disclosure requirements, specifically for GASB Statements 73, 74, and 75, for the fiscal years ending June 30, 2027, and 2028 based on June 30, 2026 data.

The contract period will span two years and includes the provision of additional actuarial advisory and consulting services on an as-needed basis, as determined by the city's requests. Firms must be able to support public sector clients effectively, particularly with complex and large-scale actuarial assignments.

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Frequently asked questions

When is the submission deadline?: Submissions are due July 10, 2026. Questions must be submitted by June 16, 2026.
What is the budget for this RFP?: The published budget is $800,000 – $1,500,000.
Who issued this RFP?: It was issued by Controller's Office, City And County Of San Francisco. The work is located in San Francisco, California, United States.
Who is a good fit for this opportunity?: Experienced actuarial consulting firms with expertise in GASB reporting
Specialization in public sector or governmental accounting standards
Proven track record with large and complex public sector clients
Ability to provide both standard and as-needed actuarial advisory services
Strong presence or experience serving clients in California

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