New York State Contract Reporter #2026-RFP-Cash Management Advisory and Custody Services

LIPA Solicits Cash Management Advisory and Custody Services

The Long Island Power Authority (LIPA) is seeking proposals for Cash Management Advisory and Custody Services to support its financial operations in Nassau, Queens, and Suffolk counties. - Government Buyer: - Long Island Power Authority (LIPA) - Office of the Manager of Procurement - OEMs and Vendors Mentioned: - Goldman Sachs (previous awardee) - US Bank (previous awardee) - Products/Services Requested: - Cash Management Advisory Services - Financial consulting and advisory support for cash management - Custody Services - Safekeeping and management of financial assets and transactions - Notable Requirements: - Five-year contract term - No specific part numbers or product quantities (service-based procurement) - No set-aside goals for SDVOB, MWBE, or DBE participation - Proposals must be submitted electronically via the Bonfire procurement portal - All communications must go through the designated procurement manager

Description

The Long Island Power Authority is soliciting proposals from firms to provide Cash Management - Advisory & Custody Services. The Request for Proposals is available on Bonfire's website. Proposers must submit electronic copies of their technical and price proposals in two separate files by July 27, 2026, at 3 p.m. ET, along with necessary forms. All questions and responses will be posted on the Bonfire website, and Rosa Rhoden is the primary contact for this RFP.

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