Redmond Granicus #Investment Management Services

This opportunity involves the City of Redmond, Oregon awarding a contract for investment management advisory services. - Government Buyer: - City of Redmond, Oregon (Finance Department, Central Services) - OEMs and Vendors: - Government Portfolio Advisors (GPA) selected as awardee - Products/Services Requested: - Professional investment management consulting services - Scope includes advising on management of over $265 million in investable funds - Detailed scope of work provided in Exhibit B of solicitation - Notable Requirements: - Contract term is three years, with two optional one-year renewals (maximum five years) - Award is contingent on successful contract negotiations - Evaluation considered five proposals before selection - Place of Performance: - City of Redmond, Oregon (Finance Department) - Estimated contract value is not specified, but relates to management of substantial city funds

The City of Redmond issued a Request for Proposals to retain a consulting firm to act as the City's investment advisor. The contract term is for three years with two optional one-year renewals, not to exceed five years total. The City currently manages over $265 million in investable funds. The solicitation was awarded to Government Portfolio Advisors, GPA, following evaluation of five proposals.