Question 1

What is "Advanced Education - Request for Proposal - Actuarial Extrapolation Services related to the Universities Academic Pension Plan"?

Accepted Answer

**PROCUREMENT OVERVIEW:**  
The Ministry of Advanced Education is seeking proposals for actuarial extrapolation services related to the Universities Academic Pension Plan (UAPP). The core objective is to obtain expert actuarial analysis and projections that will assist in the management and sustainability of the pension plan, ensuring it meets the financial obligations to its beneficiaries. The project scope includes providing detailed actuarial reports, trend analysis, and recommendations based on the extrapolated data.

**ISSUING ORGANIZATION:**  
The issuing organization is the Ministry of Advanced Education, located in Edmonton, Alberta, Canada. The primary contact for this RFP is Elizabeth Mangali, who can be reached at Elizabeth.Mangali@gov.ab.ca.

**KEY DATES:**  
- Posted Date: March 26, 2026  
- Proposal Due Date: April 10, 2026  
- Anticipated Award Date: Not specified  
- Performance Period: Not specified, but bidders should refer to the RFP document for delivery information.

**CONTRACT DETAILS:**  
The type of contract is not explicitly stated in the RFP; therefore, bidders should prepare for potential variations. There is no estimated contract value or budget range provided, and bidders should note that the Government of Alberta does not disclose budget information.

**MANDATORY REQUIREMENTS:**  
Bidders must meet the following mandatory requirements to be considered eligible:  
- Relevant actuarial certifications (specific certifications not detailed in the RFP).  
- Minimum of five years of experience in providing actuarial services, particularly in pension plans.  
- Proven past performance with similar projects or clients.  
- No specific bonding or insurance requirements mentioned.  
- Geographic restrictions are not specified, but bidders should be able to provide services in Alberta.

**TECHNICAL CAPABILITIES:**  
Bidders should possess the following technical skills and expertise:  
- Proficiency in actuarial modeling and extrapolation techniques.  
- Familiarity with pension plan regulations and financial reporting standards applicable in Alberta.  
- Experience with actuarial software tools and methodologies relevant to pension plans.

**DELIVERABLES AND PERFORMANCE STANDARDS:**  
Key deliverables include:  
- Comprehensive actuarial reports detailing extrapolated data and analysis.  
- Regular updates and presentations to the Ministry of Advanced Education.  
- Adherence to timelines as specified in the RFP document.

**EVALUATION CRITERIA:**  
Proposals will be evaluated based on the following criteria, though specific weightings are not provided:  
- Technical approach and methodology.  
- Relevant past performance and experience.  
- Cost proposal.  
The evaluation may follow a best-value approach rather than strictly lowest-price technically acceptable.

**PREFERRED QUALIFICATIONS:**  
While not mandatory, the following qualifications may provide a competitive advantage:  
- Advanced actuarial certifications (e.g., Fellow of the Society of Actuaries).  
- Experience with public sector pension plans.  
- Demonstrated ability to provide innovative solutions in actuarial analysis.

This summary provides a comprehensive overview for potential bidders to assess their fit for the RFP issued by the Ministry of Advanced Education for actuarial extrapolation services related to the UAPP.

Question 2

When is the proposal submission deadline?

Accepted Answer

The proposal submission deadline is April 10, 2026 (6 days left).

Question 3

Where can I submit a proposal or get solicitation documents?

Accepted Answer

You can access the full solicitation documents and submit your proposal at: https://purchasing.alberta.ca/posting/ab-2026-02518

Advanced Education - Request for Proposal - Actuarial Extrapolation Services related to the Universities Academic Pension Plan

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