My Florida Marketplace #DMS-26/27-080

Florida DMS seeks Pension Administration Benchmarking Services from CEM Benchmarking, Inc.

The Florida Department of Management Services (DMS), Division of Retirement, is seeking a single source contract for Pension Administration Benchmarking Services to support the Florida Retirement System. - Government Buyer: - Florida Department of Management Services (DMS), Division of Retirement - OEM and Vendor: - CEM Benchmarking, Inc. (OEM and intended vendor) - Services Requested: - Pension Administration Benchmarking Services - Proprietary benchmarking model evaluating over 700 data points - Cost accounting and benchmarking for over 1.2 million members and $212.6 billion in assets - Access to a longitudinal database with nearly 30 years of historical data - Standardized, objective peer comparisons and in-depth cost benchmarking - Unique Requirements: - Service must provide granular, standardized benchmarking with high data integrity - Access to proprietary model and historical database is required - Intended as a single source due to the unique capabilities of CEM Benchmarking, Inc. - Estimated Contract Value: - $189,000 for a three-year term - Prospective vendors may respond if they can provide equivalent services, but the contract is intended for CEM Benchmarking, Inc.

Description

The Department of Management Services in Florida intends to enter into a single source contract with CEM Benchmarking, Inc for Pension Administration Benchmarking Services. The procurement involves cost accounting and benchmarking services to support the administration of the Florida Retirement System, one of the largest state retirement systems in the US. The service includes a proprietary benchmarking model evaluating over 700 data points to provide standardized comparisons and cost benchmarking. Prospective vendors may submit relevant information by October 5, 2026, but the contract is intended to be awarded to a single source due to the unique nature of the service.

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