Responsible Contractor Program
We’ve had a Responsible Contractor Program (RCP) policy since the 1990s that supports:
- Small business development
- Market competition
- Control of operating costs
- Fair market wages
- Benefits and training based on local conditions for workers employed by contractors/subcontractors (subject to fiduciary principles that require competitive returns on our real estate and infrastructure investments)
The RCP policy demonstrates our support of human capital management by promoting the use of responsible contractors who offer fair wages and benefits. We believe that an adequately compensated and trained worker delivers a higher quality product and service.
Principal Requirements of the RCP Policy
- Applies to contracts over $100,000 for real estate or infrastructure investments in which we own more than 50%
- Establishes a duty of loyalty and prudence for us and our managers
- Establishes competitive bidding requirement for RCP managers
- Requires observance of local, state, and national laws
- Establishes delegation requirements for RCP managers
Download the Investment Policy for Responsible Contractor Program (PDF).
Contact Us
If you have questions related to the policy, email: INVO_Responsible_Contractor_Program@calpers.ca.gov.
For information on who to contact for RCP bidding opportunities, view the Bidding Notification Method & Contact Sheet (PDF).
Reports & Updates
2022-23
- Responsible Contractor Policy Annual Report Presentation to the Investment Committee (November 13, 2023) (PDF)
- Responsible Contractor Program Policy Annual Investment Manager Compliance Report (July 1, 2022 – June 30, 2023) (PDF)
- Responsible Contractor Program Policy Annual Bidding and Notification Method and Contact Sheet (November 2023) (PDF)
2021-22
- Responsible Contractor Policy Annual Report Presentation to the Investment Committee (November 14, 2022) (PDF)
- Responsible Contractor Program Policy Annual Investment Manager Compliance Report (July 1, 2021 – June 30, 2022) (PDF)
- Responsible Contractor Program Policy Annual Bidding and Notification Method and Contact Sheet (November 2022) (PDF)
2020-21
- Responsible Contractor Program Policy Annual Report Presentation to the Investment Committee (November 16, 2021) (PDF)
- Responsible Contractor Program Policy Annual Investment Manager Compliance Report (July 1, 2020 – June 30, 2021) (PDF)
- Responsible Contractor Program Policy Annual Bidding and Notification Method and Contact Sheet (November 2021) (PDF)