BICKMORE & ASSOCIATES, INC.-2014

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Proposal to Provide Actuarial Valuation of OPEB Liabilities For the City of Santa Ana April 17, 2014 In Exhibit B, we provided the names and contact information for 5 significant recent engagements for GASB 45 services which we believe are similar in size, scope and or complexity to this project for the City. We are happy to provide a complete listing of OPEB projects for current clients on request. No Conflict of Interest: Bickmore is not affiliated with the City of Santa Ana in any way and is aware of no actual, apparent, direct or indirect, or potential conflicts of interest that may exist with respect to the firm, management or employees of the firm or other person relative to the services to be provided under the Agreement for services to be awarded pursuant to this RFP Ownership: There have been no prior changes in ownership. Bickmore is currently investigating a sell -side option, but nothing that can be disclosed at this time, and nothing that would materially change the scope or function of our current business operations Qualifications: Bickmore is qualified to issue a Public Statement of Actuarial Opinion (PSAO) in accordance with the Qualification Standards of the American Academy of Actuaries and to undertake this project according to Precept 2 of the Code of Professional Conduct of the AAA. All aspects of the valuation process, from data reconciliation, to actuarial coding and analysis to preparation of the report are fully peer reviewed. A minimum of two fully credential actuaries, 1 -2 actuarial analysts and administrative support staff will be assigned to work on this project team. E &O Coverage: Bickmore maintains a prudent amount of erros and omissions coverage on all credentialed professional staff members which covers negligent acts. Including those that would be applicable to the project work requested in the City's RFP for GASB 45 services. Limits on Liability: See Appendix D Contractually Binding: Bickmore acknowledges that the individual officers who signed the cover letter, Proposer's Statement (exhibit C) and Non- collusion Agreement (Exhibit D) are authorized to contractually bind the firm. No Legal Actions: There have been no Federal, state or local reviews or field reviews of any of the valuations prepared by Bickmore during the past 3 years. There has been no disciplinary action taken, nor is any pending, against the firm or any members of the firm during the past 3 years with Federal, state or local regulatory bodies or professional organizations. There have been no lawsuits, nor is any pending, against Bickmore with respect to the quality of the work product provided to any of our clients.