Long Island Power Authority Bonfire #2026-RFP-Cash Management-Advisory and Custody Services

RFP for Cash Management Advisory and Custody Services for Long Island Power Authority

This opportunity from the Long Island Power Authority (LIPA) seeks qualified firms to provide Cash Management Advisory and Custody Services. - Government Buyer: - Long Island Power Authority (LIPA), Suffolk County, Uniondale, NY - Services Requested: - Scope A: Cash Management Advisory Services - Advisory services for managing LIPA's cash assets - Scope B: Custody Services - Custody, safekeeping, and reporting for LIPA's assets - Notable Requirements: - Minimum five years of relevant experience - Must currently manage at least $10 billion in assets - Registered with the SEC under the Investment Advisors Act of 1940 - Registered to do business in New York State as an investment advisor - Member of the Federal Reserve System - Minimum long-term credit rating in the A category from a major rating agency - Annual SSAE 16 (formerly SAS 70) audit report required - Mandatory MWBE and SDVOB forms, cost proposals, technical responses, and compliance certifications - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - NAICS, NIGP, UNSPSC Codes: - NAICS: 523991, 523920, 524292 - NIGP: 94616, 94649, 94677 - UNSPSC: 84121500, 84121501, 84121502

Description

This solicitation is for Cash Management-Advisory and Custody Services as indicated by the project title. The procurement is a Request for Proposal (RFP) with an open status, starting on June 18, 2026, and closing on July 27, 2026. The scope includes two service types: Scope A - Cash Management Advisory Services and Scope B - Custody Services. Various mandatory forms and documentation are required for submission, including MWBE and SDVOB forms, cost proposals for each scope, and technical response documents.

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