20 NCAC 01H .0202. ISSUANCE OF THE RFP

(a)  The State Treasurer shall give notice of the intent to issue the RFP by any method or methods reasonably designed to inform potential bidders of the scheduled issuance of said RFP.

(b)  Once the RFP is issued, a reasonable period shall be granted to submit written questions to be answered in writing to all parties receiving an RFP, or at an offerors' conference.

(c)  Offers will be made in two parts; technical requirements in one proposal and a separate cost proposal.

(d)  The offeror submitting the best technical proposal at the least relative cost in the opinion of the State Treasurer shall be selected as master trustee, but the State Treasurer shall have the right to reject all bids if this is deemed to be in the best interest of the participants.

(e)  Where two or more proposals have no significant dissimilarities, the State Treasurer may use other factors of record to make a selection, including prior experience of a trustee with the trust established by these Rules.  The State Treasurer may require additional information from these applicants when deemed appropriate.

(f)  The State Treasurer may choose not to issue an RFP at the end of a trustee's certification period when he finds that not doing so is in the best interests of the participants and potential participants.

 

History Note:        Authority G.S. 147‑78.1;

Eff. December 1, 1985.