Investment Professionals (Temp, Ability to Hire - RIO ONLY)

The North Dakota Investment Professionals multi-award vehicle is a specialized state-wide contract designed to provide temporary staffing solutions for the Retirement and Investment Office (RIO). The contract enables the state to procure temporary investment professionals on an as-needed basis through vTech Solution, with a comprehensive staffing model that allows for flexible engagement of specialized personnel. This vehicle is specifically tailored to support the state's recruitment and investment operations by providing qualified temporary professionals who can be rapidly deployed to meet organizational staffing requirements.

The contract was initially awarded to vTech Solution on November 3, 2021, with an original two-year term and subsequent amendment extending the performance period to November 3, 2025. The contract operates statewide within North Dakota and is structured as a term contract with a unique compensation model, including a 45% markup on candidate pay rates and graduated temporary-to-permanent conversion fees. The prime contractor, vTech Solution, based in Washington, DC, serves as the employer of record for candidates and must maintain specific insurance requirements, including $2,000,000 in commercial general liability coverage. While the exact total contract value is not specified, the vehicle provides a structured mechanism for the state to efficiently acquire temporary investment professionals.