Supplier Accountability
Ensure your vendor, benefit consultants and brokers provide you with unconflicted, transparent and reliable information and are working in your best interest at a reasonable cost.
Service Details:
- Comprehensive independent selection of your vendor and consulting/broker service provider(s), including:
- Full-scope request for proposal (RFP) services encompassing purchasing principles and guidelines, creation of a selection rubric, management of the RFP process, coordination of finalist meetings, assistance with best and final offer, and support in contract negotiations.
- Thorough review of vendor, benefit consultant and broker service agreements.
- Detailed analysis and benchmarking of 408(b)(2) compensation and fees, ensuring reasonableness, full disclosure and compliance.
- Development and implementation of vendor and consultant performance standards, including effective measurement and assessment procedures.