Regulatory Alerts2018-05-28 | DOF 5524233Added
Call for Proposals for AFOREs to Provide Services for Recording and Controlling Resources of Unassigned and Inactive Individual Accounts
The National Commission of the Retirement Savings System (CONASAR) issues a call for proposals to select an Administradora de Fondos para el Retiro (AFORE) to serve as a service provider for the recording and control of resources for individual accounts pending assignment for newly entering workers and inactive individual accounts. The selected provider will manage approximately 1.97 million accounts with an average monthly deposit of $33,862.8 million pesos and an average balance of $4,200 per account. The service contract has an initial term of 36 months, extendable by 12 months, and the award is based on the lowest commission offered by a solvent provider that meets all technical and legal requirements. The bidding process includes a clarification meeting, submission of technical and economic proposals, and specific criteria for evaluation, disqualification, and early termination.
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