TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 6, 2019
COMMITTEE ON PROCUREMENT
Mr. Brian A. Perkovich, Executive Director
Title
Report on advertisement of Request for Proposal 19-RFP-13 Deferred Compensation Investment Consulting Services, estimated cost $121,500.00, Account 101-25000-612430, Requisition 1519718
Body
Dear Sir:
Request for Proposal documents have been prepared for a provider of deferred compensation investment consulting services at the request of the Human Resources Department.
The purpose of this contract is to select a vendor to provide deferred compensation investment consulting services related to the following: semi-annual performance evaluation of the mutual fund offerings available through the plan, including, but not limited to, comparison of each fund to the appropriate fund universe and benchmarks; presentation of a written report, in person to the Deferred Compensation Committee (Committee) at regular Committee meetings on a semi-annual basis; investment recommendations for mutual funds to supplement or replace funds in the existing fund line-up as requested; and recommendations for investment policy revisions should they be needed due to regulatory or other industry changes. This professional services contract will cover the period from January 1, 2020 through December 31, 2022.
The estimated cost for this contract is $121,500.00. The estimated 2020, 2021 and 2022 expenditures are $40,500.00, $40,500.00, and $40,500.00 respectively.
No bid deposit is required for this request for proposal.
The Diversity Section reviewed the request for proposal and concluded that Appendix A and Appendix V would not be applicable given the scope of work and lack of MBE/WBE/VBE/SBE firms available to perform the requested services.
The tentative schedule for this contract is as follows:
Advertise June 26, 2019
Proposals Received July 26, 2019
Award November 7, 2019
Completion December 31, 2022
Funds are being requested in 2020, 2021 and 2022 in Account 101-25000-612430, and are contingent on the Board of Commissioners’ approval of the District’s budget for those years.
Requested, Beverly K. Sanders, Director of Human Resources, BKS:JEF:BSM
Respectfully Submitted, Darlene A. LoCascio, Director of Procurement and Materials Management