NIGP 94936: Investment Fees

NIGP 94936 Investment Fees, an Item code, covers professional services fees for specialized financial advisory and record-keeping services that state and local governments procure to manage public funds, retirement plans, and investment portfolios. Recent solicitations show state and local bodies purchasing bond rating services, 457(b) deferred compensation plan administration and recordkeeping, fixed-income securities management platform access, and non-discretionary investment advisory services for operating and capital funds. The issuing bodies span city governments (Salem, Oregon; Lubbock, Texas), special-purpose districts (Tualatin Valley Fire & Rescue), and county investment offices, with work typically executed under professional services procurement rules that permit alternative source selection methods, including sole-source designations for services meeting unique operational or industry-standard requirements.

Recent activity concentrates in Oregon and Texas. The City of Salem procured a $75,000 2026 General Obligation Bond Rating Fee from Moody's Investors Service on a sole-source basis (SKS004300017520, due July 23, 2026). The City of Lubbock issued an RFP (RFP2619659KM, due June 11, 2026) to consolidate three separate 457(b) deferred compensation plans representing $38.2 million in plan assets, seeking a single provider to deliver recordkeeping, administration, education, and compliance services; the RFP evaluation weighted quality and experience at 40 points, investment platform capabilities at 30 points, and cost at 30 points. Tualatin Valley Fire & Rescue sought investment advisory services for managing short-term operating funds and capital funds including bond proceeds (RFP No. 26-05, due April 8, 2026), with funds typically ranging from $5 million to $100 million annually and a proposed five-year initial contract term with up to five additional one-year renewals. A Florida county issued an RFI (OPN2131882F1, due April 17, 2026) regarding Bloomberg Professional Brokerage Services to determine whether alternative fixed-income securities management platforms exist, citing Bloomberg's industry-standard position among over 310,000 financial professionals worldwide.