# Newark Charter School Civicplus #RFP 26-03

City of Newark, Delaware seeks combined investment management and custodial services for pension and OPEB assets

**Posted:** September 18, 2026
**Respond By:** November 03, 2026
**Identifier:** RFP 26-03
**NAICS:** 523991, 523940, 525920

The City of Newark, Delaware is seeking a single provider for both investment management and custodial services for its Employee Pension Fund and Other Post-Employment Benefits (OPEB) Trust.
- Government Buyer:
  - City of Newark, Delaware (Purchasing Division, Administration and Finance Department)
- Scope of Services:
  - Combined investment management and custodial services contract
  - Services must cover both the Employee Pension Fund and OPEB Trust
  - Proposals addressing only one service area will not be considered
- Key Service Requirements:
  - Investment management: portfolio management, compliance monitoring, performance reporting, asset allocation recommendations, transaction execution, and attendance at semi-annual Pension Committee meetings
  - Custodial services: master custody, safekeeping, clearing, securities processing, cash management, accounting, tailored reporting, audit procedures, insurance coverage, and transition planning
  - Demonstrated experience with governmental clients and fiduciary standards required
  - Competitive pricing and robust confidentiality policies
- Submission Details:
  - Proposals must be submitted via email in PDF format (max 25 MB)
  - Non-binding Notice of Intent to Propose requested
  - All questions to be submitted in bulk via email
- Contract Term:
  - Initial five-year term starting January 1, 2027, with up to three one-year renewal options (potential total of eight years)
- No specific OEMs or product part numbers are referenced, as this is a professional services procurement.

### Description

The City of Newark, Delaware is soliciting proposals for combined investment management and custodial services for the Employee Pension Fund and Other Post-Employment Benefits (OPEB) Trust. Proposals must cover both service areas; submissions for only one will not be considered. Proposals should be submitted via email in PDF format to the City Purchasing Division by 2:00 p.m. on November 3, 2026. Prospective respondents are requested to submit a non-binding Notice of Intent to Propose by September 30, 2026, and all questions must be submitted by October 23, 2026.

[View original listing](https://newarkde.gov/bids.aspx?bidID=221)