Alberta Purchasing #CorpServ2025

Town of Ponoka investment management services award

The Town of Ponoka awarded investment management services to Hobson Chahal Advisory Group. - Government buyer: Town of Ponoka; no sub-agency or office is identified. - Awardee/service provider: Hobson Chahal Advisory Group. - Requirement: Investment management services for Town funds. The Town may also invest funds without the provider’s assistance. - Term: Five-year initial term, with a possible five-year extension by mutual agreement. - Reported amount: $20,000 per year. - Estimated total value: Approximately $100,000 for the initial term, or up to approximately $200,000 if the possible extension is exercised, based on the reported annual amount. - OEMs: No product manufacturers or OEMs are identified; this is a services requirement.

Description

The Town of Ponoka is seeking investment management services for a five-year term, with a potential five-year extension subject to mutual agreement. The Town may also invest funds without assistance from the successful applicant. The source lists Hobson Chahal Advisory Group as the awardee, with an award amount of 20,000 per year and an award date of February 1, 2026.

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