Appendix C Request for Clarification Form.pdf

The document is an Appendix C: Request for Clarification form for Invitation to Negotiate (ITN) 25-01, issued by the Florida Prepaid College Board for Investment Consultant Services for the Florida 529 Savings and ABLE Programs. The form allows potential respondents to submit written questions or requests for clarification regarding the solicitation, with space for up to 10 separate inquiries. The solicitation seeks an independent investment consultant to provide comprehensive services for two investment programs totaling approximately $1.6 billion in assets, with critical dates including a written clarification request deadline of January 27, 2025, a response deadline of February 28, 2025, and an anticipated contract effective date of July 1, 2025. The contract will have an initial five-year term with five potential one-year renewal options, contingent upon satisfactory performance and funding availability.

The procurement allows for up to three respondents to be shortlisted for final negotiations, with compensation structured as a quarterly fee for ongoing investment consultant services and additional hourly rates for special consultation services capped at $10,000 annually. Respondents must have a minimum of 5 years of experience providing investment consulting for institutional clients, specifically requiring experience as a lead consultant for a state's 529 Savings Program and ABLE Program. The evaluation will be based on a 100-point scale, with points allocated across Organizational Experience (20 points), Reporting (10 points), Consulting Services (40 points), Investment Manager Search Services (10 points), and Pricing Schedule (20 points). While no specific set-aside designations are outlined, respondents must have their principal place of business in the United States, and the solicitation represents the first time the Board is contracting separately for investment consulting services for the Florida ABLE and Savings Programs.