The State Board of Administration of Florida (SBA) is soliciting competitive responses from qualified reputable firms with sufficient resources that will be selected to conduct SBA’s triennial governance, risk management and compliance (GRC) assessment. The Invitation to Negotiate (ITN) will be available on April 21, 2017, and may be obtained from the SBA website at www.sbafla.com/fsb/DoingBusinesswiththeSBA/Vendors.aspx under “Open Competitive Solicitations". The deadline for submitting responses is 4:00 p.m. ET on June 2, 2017. A meeting will be held on June 23, 2017, to discuss and evaluate the responses received. Oral interviews, if conducted, will be completed by July 14, 2017. If needed, a meeting will be held by July 17, 2017, to select a firm to provide the requested services to the SBA. The SBA reserves the right to reject any or all competitive responses and to cancel any ITNs.
Deadline for ITN responses is 4:00pm ET on June 2, 2017.
About The State Board of Administration of Florida (SBA)
The State Board of Administration (SBA) was created by the Florida Constitution and is governed by a three-member Board of Trustees (Trustees), comprised of the Governor as Chair, the Chief Financial Officer and the Attorney General. The Trustees, in concert with legislative directives, have ultimate oversight. They delegate authority to the Executive Director/Chief Investment Officer to carry ou...t the strategic direction in the day-to-day financial investments and operations of the agency. The Executive Director/CIO manages approximately 190 professional investment and administrative support staff.The SBA is required to invest assets and discharge its duties in accordance with Florida law and in compliance with fiduciary standards of care. Under state law, the SBA and its staff are obliged to: - Make sound investment management decisions that are solely in the interest of investment clients. - Make investment decisions from the perspective of subject-matter experts acting under the highest standards of professionalism and care, not merely as well-intentioned persons acting in good faith.