Amendment #1 to RFP #BPM0541511 – Sale of Unclaimed Securities

Amendment #1 to RFP #BPM0541511, issued by the Maryland Department of Comptroller, Office of Administration & Finance, modifies the procurement for the sale of unclaimed securities held by the State of Maryland. The original RFP required proposals due January 16, 2026, at 2:00 p.m. local time, with Amendment #2 posted January 13, 2026, to clarify invoicing, bonding, and commission structure. The procurement applies to Anne Arundel County jurisdiction within Maryland. Bidders must be current members of all principal stock exchanges (New York, American, NASDAQ, and OTC) and current participants in the Depository Trust Company (DTC), with required documentation provided at bid submission. Minimum qualifications are mandatory eligibility requirements: bidders must document three consecutive years of recent experience within the past ten years providing unclaimed securities sales at a minimum of $1 million annually, supported by completed reference checks on Attachment L. Failure to meet any qualification disqualifies the bid.

Compensation is structured as a commission-based arrangement, with bidders submitting their commission rate per share sold on the Bid Form (Attachment B). Contractors calculate commissions with each trade, reduce the principal amount by the commission deducted, and remit the net amount to the Comptroller within one business day of trade settlement. The State reconciles remittances monthly and will not pay commissions on worthless stock certificates. All fees must be included in the stated commission rate with no reimbursement for additional costs or expenses. Each bidder must submit a bid bond or other suitable security equal to five percent of the Total Evaluated Price, guaranteeing availability of goods and services at the offered price for 180 days following the bid due date. No estimated contract value or specific contract term is stated in the procurement documents.