CalPERS engages qualified contractors dedicated to quality, accountability, and responsible workplace standards consistent with our Responsible Contractor Program (RCP) Policy and scope1.
CalPERS supports and encourages fair wages and benefits for workers employed by its contractors and subcontractors, as well as fair competition from all qualified sources on our service, maintenance, and development projects,
In an effort to implement a fair and open bidding process for all, CalPERS launched the Responsible Contractor Bidding Opportunities portal to announce upcoming work on our service, maintenance, and development projects. The CalPERS Responsible Contractor Bidding Opportunities web portal is a platform for connecting stakeholders and increasing opportunities for all.
The portal is intended to aid all qualified and interested contractors and labor, union, trade organizations with identifying bidding opportunities posted by CalPERS RCP Managers/our Business Partners in Real Estate and Infrastructure (i.e., corporations and partnerships around the acquisition of real estate).
The Statement of Investment Policy for Responsible Contractor Program (RCP) was established in 1998 and last refreshed effective July, 1, 2025. The policy supports and encourages fair wages and benefits for workers employed by our managers, contractors, and subcontractors, subject to fiduciary principles concerning duties of loyalty and prudence, which further require competitive returns on CalPERS real estate and infrastructure investments. The Policy requires a broad outreach, competitive bidding and fair competition and seeks bids from all qualified responsible contractors, and creates a framework for responsible contracting based on local market conditions. CalPERS has received strong support from labor organizations and our managers with regards to this policy.
For more information, view or download the complete Statement of Investment Policy for Responsible Contractor Program.
1 U.S. Real Estate and Infrastructure assets where CalPERS holds more than 50% interest + Contracts greater than $100K