Ohio Public Employees Retirement System, Columbus, has extended the due date on its RFP for a consultant to assist its internal audit group, confirmed spokesman Mike Pramik.
The extension is due to a revision of the RFP to further clarify the parameters of the $76.5 billion system’s search, Mr. Pramik said in a telephone interview.
The system is not looking for consultants to directly provide due diligence for investment staff, but to assist the system’s internal audit group in developing a due diligence process.
The new deadline for submitting proposals is 4 p.m. EDT on Sept. 2. Selection is expected Sept. 19. The revised RFP is available at the pension system's website.