Investment Accounting and Reporting Services

The Ohio Competitive Selection Contract CSP009312 provides comprehensive investment and accounting reporting services through a mandatory use vehicle established by the Department of Administrative Services (DAS). This indefinite delivery vehicle enables the Ohio Bureau of Workers' Compensation to procure specialized financial services, specifically focusing on investment accounting, performance tracking, reconciliation, and compliance reporting. The contract covers transaction processing, account management, and detailed financial reporting with specific per-transaction and per-account pricing structures.

The prime contractor for this IDV is Bank of New York Mellon (BNY Mellon Asset Servicing), with a contract period spanning from July 1, 2024, to June 30, 2026. The contract is a competitive selection type, geographically limited to the State of Ohio, and offers a flexible procurement approach with no guaranteed purchase volume. Pricing includes $2.50 per transaction, $4,523.07 per account for reconciliation charges, $10,250.77 per account for performance and compliance charges, and $565,580 annually for additional services. The contract operates under Net 60 payment terms and allows agencies to make purchases at their discretion.