Tender Details
Description / Scope of Work
The University of Balochistan, Quetta invites technical and financial proposals from reputed, qualified and experienced actuarial, consulting, and chartered accountant firms with demonstrable actuarial expertise for conducting a comprehensive actuarial study and designing a sustainable pension product for regular employees. The assignment encompasses assessment of existing and projected pension liabilities, actuarial valuation of pension obligations, financial sustainability analysis, development of alternative pension models, determination of appropriate contribution rates, investment and funding structure design, governance framework recommendations, regulatory compliance assessment, and preparation of detailed implementation roadmaps. The scope includes review of existing pension arrangements, collection and analysis of employee demographic and financial data, projection of pension liabilities over 10, 20 and 30-year horizons, comparison of defined benefit, defined contribution, hybrid and insurance-based models, and development of phased transition mechanisms.
Eligible bidders must be reputed, qualified and experienced actuarial or consulting firms, or chartered accountant firms with demonstrable actuarial expertise and relevant experience in pension scheme design and actuarial valuations. Firms should possess appropriate professional registrations and qualifications in actuarial science. Specific bid security amounts, if any, are not stated in the notice and should be confirmed from the detailed tender documents. The procurement shall be conducted in accordance with applicable PPPRA Rules and University of Balochistan procurement procedures.
Interested bidders should obtain detailed tender documents and submission instructions from the University of Balochistan through the advertised procurement channels. Technical and financial proposals must be submitted by the specified closing date and time. The proposal opening will occur on the announced opening date. Bidders are advised to carefully review all terms of reference, required deliverables, and timelines before preparing their submissions. Contact the University procurement office for clarifications regarding eligibility criteria, data availability, and submission requirements.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
University seeks an actuarial firm to conduct full pension liability assessment and design a new sustainable pension scheme for its regular employees.
Scope is comprehensive: current and projected liability valuations, multiple model comparisons (DB/DC/hybrid), contribution rate setting, governance framework, regulatory alignment, implementation roadmap, and 30-year financial projections. This is a high-complexity consulting engagement requiring senior actuarial expertise and substantial research effort. Closing date September 2026 suggests moderate timeline for delivery. Likely one-off assignment covering the entire pension system redesign rather than recurring administration.
Who can bid: Eligible bidders are actuarial firms, consulting firms, or chartered accountant practices with demonstrable actuarial expertise and prior experience in pension scheme design. Typically required: professional actuarial qualifications (SOA, FSA, EA or equivalent), SECP registration if a corporate entity, NTN for taxation purposes, and verifiable portfolio of similar pension or benefits consulting assignments. No specific restrictions mentioned in this notice.