Prepaid College Program Actuarial Services

The Florida Prepaid College Board is seeking an independent actuary to perform recurring actuarial valuations, cash-flow projections, plan pricing, assumption studies, data analysis, and related advisory services for the Stanley G. Tate Florida Prepaid College Program.

Florida > Florida Prepaid College Board


General
Open (open)
ITN-17258
Dec 07, 2026 05:00 PM
Oct 14, 2026 08:00 PM
5 years base + 5 × 1 year options
Request for Proposal (RFP)
State
Ask AI about this solicitation
Contact
itninfo.prepaid@myfloridaprepaid.com
+18504888514
1801 Hermitage Boulevard, Tallahassee, FL, USA
Submission Instructions
Description

The Florida Prepaid College Board is seeking an independent actuarial services provider for the Stanley G. Tate Florida Prepaid College Program. The scope includes transition planning; annual planning; quarterly data review, actuarial valuations, valuation letters, and discounted and undiscounted cash-flow projections; an annual actuarial adequacy valuation and report; sensitivity analysis; annual plan pricing by product, payment option, and beneficiary age; supporting actuarial and pricing files; Board presentations; consultation; assumption studies; workshops; legislative and governing-authority support; and other approved actuarial projects. The selected contractor must use Board-provided or Board-approved data and assumptions, comply with applicable qualification standards, Actuarial Standards of Practice, and the Actuarial Code of Professional Conduct, and maintain quality-control, continuity, data-security, documentation, audit-support, and transition-to-successor procedures. The initial contract term is anticipated to be five years, with up to five optional one-year renewals. Respondents must provide a completed Written Response Packet addressing minimum qualifications, organizational experience, scope of services, value-added services, and a ten-year pricing schedule covering core services, additional deliverables, hourly services, and optional value-added services.

Classification Codes
NAICS541219Other Accounting Services
PSCR405Operations Research and Quantitative Analysis Services
Smart Codes
actuarial consulting servicesactuarial valuation servicesactuarial plan pricing
Specifications
Service Only
Timeline
Oct 14, 2026-Issue Date
Oct 30, 2026 04:00 PM-Written Request for Clarification Deadline
Nov 2, 2026-Written Request for Clarification Response
Dec 1, 2026-Evaluator Scoring Validation (optional)
The solicitation states December 2026/January 2027; an exact date is not specified.
Dec 07, 2026 05:00 PM-Response Deadline
Dec 07, 2026 08:00 PM-Response Opening (optional)
Jan 1, 2027-Negotiation Period
Mar 1, 2027-Negotiation Vote (optional)
Public meeting; the solicitation specifies March 2027 but not an exact date.
Mar 1, 2027-Notice of Intended Award
Apr 1, 2027-Anticipated Contract Effective Date
Requirements
Scored
  • Minimum 3 references
  • Client point of contact required for each reference
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