Actuarial Software Maintenance Tender, USA - 118791023

Procurement Summary

Country : USA

Summary : Actuarial Software Maintenance

Deadline : 14 May 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 118791023

Document Ref. No. : BD-25-1082-PER-PERA-116423

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

Name :Login to see tender_details

Address : Login to see tender_details

Email : Login to see tender_details

Login to see details

Tender Details

Bulletin Desc : PERAC seeks maintenance on its existing software program (Proval, the proprietary actuarial valuation and data system created and maintained by Winklevoss Technologies, LLC).
Bid Number: : BD-25-1082-PER-PERA-116423
Bid Opening Date : 05/14/2025 04:00:00 PM
Location : PERA - Administration Fiscal Year 25 Type Code NS - Non-Statewide Solicitation Allow Electronic Quote Yes Alternate Id PER 2025-01 Required Date Available Date 05/07/2025 030000 PM Info Contact Bid Type OPEN Informal Bid Flag No Purchase Method Open Market Pre Bid Conference Bulletin Desc PERAC seeks maintenance on its existing software program (Proval, the proprietary actuarial valuation and data system created and maintained by Winklevoss Technologies, LLC). Ship-to Address Virginia Barrows10 Cabot Road Suite 300Medford, MA 02155USEmail virginia.barrows@mass.govPhone (617) 666-4446 Ext. 925FAx (617) 628-4414 Bill-to Address Virginia Barrows10 Cabot Road Suite 300Medford, MA 02155USEmail virginia.barrows@mass.govPhone (617) 666-4446 Ext. 925FAx (617) 628-4414 Print Format File Attachments actuarial software maintenance rfr 2025.pdf Prompt Pay discount.pdf form_standard-contract.pdf form_contractor-authorized-signatory-listing-for-contractors.pdf form_w-9.pdf Form Attachments Required Quote Attachments SBPP (Small Business Purchasing Program) Eligible? YES See SBPP requirements and exceptions at www.mass.gov/sbpp Item Information Item # 1 ( 43-23 - 23 ) PERAC seeks maintenance on its existing software program (Proval, the proprietary actuarial valuation and data system created and maintained by Winklevoss Technologies, LLC). Such software performs actuarial valuations for the 104 retirement systems within the Commonwealth of Massachusetts. This program also provides data analysis for possible early retirement incentive programs and other proposed legislation. We began using the ProVal software back in 1998 to carry out the essential functions as required by Massachusetts General Laws, Chapter 32, Sections 21(3)(b) through 21(3)(f). As the importance of the funded status of public retirement systems continues to grow, it is essential to maintain the software to enabl...

Documents

 Tender Notice