(A) The evaluation process will involve several steps. The municipality will evaluate the initial responses to the RFP. The municipality will determine a list of finalists, interview finalists if desired, and make a final decision.
(B) The criteria to be used in the evaluation process may differ depending on the type of professional services requested, but all will include the following:
(1) The applicant’s qualifications, experience, and expertise related to state municipal pension systems;
(2) The applicant’s knowledge of Act 205 and other state municipal pension legislation;
(3) The applicant’s approach to managing risk and research capabilities;
(4) The quoted fee(s) associated with the desired services(s) sought;
(5) The applicant’s availability to meet with the municipal pension system’s representatives for periodic reviews;
(6) The recommendations by other municipal pension system’s representatives for periodic reviews; and
(7) The ultimate confidence of the municipality as represented by the vote to accept the applicant in contract.
(Res. 01-2016, passed 3-7-2016)