Total Compensation Actuarial Services

The State of Colorado Department of Personnel and Administration is seeking actuarial and total compensation consulting services to analyze salaries, pay structures, benefits, and related compensation practices through annual and quadrennial reports.

Colorado > Department of Personnel and Administration > Division of Human Resources > Total Rewards Team


General
Open (open)
RFP-AABA-2027000047
Oct 22, 2026 08:00 PM
Sep 22, 2026 12:00 PM
$516,000.00
1 year base + 4 × 1 year options
Service-Disabled Veteran-Owned Business
Request for Proposal (RFP)
State
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Original Solicitation Links
Contact
lisa.barela@state.co.us
Submission Instructions
Description

The State of Colorado Department of Personnel and Administration, through its Division of Human Resources, is seeking expert actuarial and total compensation consulting services. The contractor will evaluate the competitiveness of State salaries, pay ranges, step pay, benefits, retirement, leave, incentives, and other compensation components against comparable public- and private-sector markets using transparent, mathematically sound methodologies. Required work includes annual compensation reports, a quadrennial total compensation report, market studies, benchmark job analysis, classification and compensation structure analysis, benefits and total remuneration analysis, ad hoc reports, executive summaries with actuarial certification, quality control, audit support, and related recommendations. The contractor must demonstrate specified experience serving large organizations and public-sector clients, provide qualified key personnel, and may subcontract no more than 40% of the work.

Classification Codes
NAICS541612Human Resources Consulting Services
PSCR499Other Professional Services
Smart Codes
actuarial consulting servicescompensation analysisbenefits analysis
Specifications
Service Only
Timeline
Sep 22, 2026-Issue Date
Sep 29, 2026 08:00 PM-Vendor Inquiry Submission Deadline
Oct 06, 2026 08:00 PM-Intent to Bid Notification Deadline
Oct 22, 2026 08:00 PM-Proposal Submission Deadline
Nov 25, 2026-Estimated Notice of Intent to Award
Jan 31, 2027-Estimated Contract Execution
Requirements
Required
  • Workers' Compensation
  • Commercial General Liability — $1,000,000.00
  • Automobile Liability — $1,000,000.00
  • Protected Information Liability — $1,000,000.00
  • Professional Liability — $1,000,000.00
  • Crime Insurance — $1,000,000.00
Required
  • Within the last 5 years
No
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