Securities monitoring services for BOI
Ended State & local contract Michigan Awarded
- Contract number
- MA220000001175
- Awardee
- TETRA TECH OF MICHIGAN PC
- Contracting organization
- Not on record
Contract facts
- Cumulative value
- $316,000
- End date
- Points of contact
-
- Kyle Elzinga elzingak1@michigan.gov (517) 614-0956
- Karl Borgquist borgquistk@michigan.gov (517) 230-8419
Updated .
About this contract
Michigan's Securities Monitoring Services for the Board of Investments (BOI) contract provides comprehensive securities litigation monitoring and management services to support the State of Michigan Investment Board's administration of the State Michigan Retirement System (SMRS), which manages approximately $100.5 billion in assets. Under this IDV, the prime contractor delivers U.S. and non-U.S. securities class action litigation monitoring, maintains a web-based portal containing case information and litigation details, identifies and evaluates litigation affecting SMRS holdings, monitors proof of claim filing deadlines, and coordinates with the State's custodian to manage claims. Optional services include Global Securities Litigation Monitoring Services and Securities Class Action Filing Optimization and Recovery Reconciliation services to enhance recovery efforts and optimize claims management.
The Michigan Department of Treasury contracted with DIVIDEX Management LLC, a Delaware limited liability company based in Westwood, Massachusetts, to provide these services. The contract, effective July 27, 2022, has a base period of three years with a completion date of July 26, 2025, and includes two optional one-year renewal periods. The base contract value is $316,000 ($110,000 Year 1, $106,000 Year 2, and $100,000 Year 3), with optional services available at additional costs of $55,000 to $52,500 annually for Global Securities Litigation Monitoring and $20,000 annually for Filing Optimization and Recovery Reconciliation services. The contract requires compliance with enhanced security protocols, WCAG 2.0 Level AA accessibility standards, FISMA/NIST requirements, and 24-hour disaster recovery objectives.
Files
| File | Type | Posted |
|---|---|---|
| 220000001175.pdf |
Quick answers
Who holds contract MA220000001175?
Contract MA220000001175 was awarded to TETRA TECH OF MICHIGAN PC in Michigan on July 27, 2022.
How much is contract MA220000001175 worth?
Its cumulative value is $316,000.
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