Reserve Fund Adequacy Actuarial Study Service
Overview
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
Pre-TORFP Conference: September 3rd, 2026
TOP Due Date: September 7th, 2026
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
Maryland Department Of Emergency Management
DESCRIPTION
A government authority in Hanover, Maryland is seeking actuarial services to evaluate the adequacy of its reserve fund. The selected vendor will develop a defensible, evidence-based rationale for the appropriate reserve level, considering the authority’s statutory obligations and operational continuity requirements. The study will also benchmark the authority’s reserve policy against comparable organizations.
The vendor will advise on long-term reserve-setting methodologies under various projections for trust fund revenues, expenditures, and ending balances. The analysis must model at least three scenarios: flat revenues or expenditures, moderate growth, and stress or decline. It will identify when reserves may fall below an appropriate level under each scenario and recommend revenue or expenditure adjustments needed to maintain fiscal sustainability.
The engagement will also assess risks affecting trust fund stability, including revenue volatility across surcharge streams, dependence on federal grants, legislative risks, and unplanned capital expenditures. A pre-bid meeting is scheduled for September 3, 2026.
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Frequently asked questions
- When is the submission deadline?
- This RFP closed on September 7, 2026 and is no longer accepting submissions.
- Who issued this RFP?
- It was issued by Maryland Department Of Emergency Management. The work is located in Hanover, Maryland, United States.
- Who is a good fit for this opportunity?
- Actuarial consulting firm specializing in reserve adequacy and public-sector trust funds
- Experience modeling revenue, expenditure, reserve, and fiscal sustainability scenarios
- Expertise assessing government financial risks, grants, legislative exposure, and capital liabilities
- Strong record delivering defensible, evidence-based actuarial studies for public authorities
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.