Award
Utah U3P #SNOC2021021
RFP- Investment Services
Recipient
Not Specified
Awarded
January 25, 2021
Identifier
SNOC2021021
The government buyer is Snow College, which is seeking to contract with a qualified financial institution to provide investment management and custodial services for its Endowment and Foundation investment funds, totaling approximately $10.5 million plus future accrued funds. The contract scope includes investing, managing, and providing custodial services or solely custodial services. The RFP emphasizes the need for banking and investment services including funds transfer, investment advice, securities and commodities markets services, mortgage banking, cash vault services, and management advisory and consulting services such as project management, industrial management, construction management, and quality assurance. Vendors must submit a W9, complete a Vendor Registration Form, and review and sign the sample contract if selected. The document does not specify any OEMs or vendors by name. The contract is unique in that it involves managing a significant endowment fund and requires adherence to Snow College's investment policy. The buyer contact is Mike Jorgensen (michael.jorgensen@snow.edu).
Description
The purpose of this Request for Proposals (RFP) is to solicit proposals to enter into a contract, with a qualified financial institution, that will invest, manage and provide custodial services, or to just provide custodial services for Snow Colleges Endowment and Foundations investment funds, which is around $10.5 million, in addition to future funds, as accrued by the Foundation, during the tenure of the contract.