ITN 25-01 - NOTICE OF INTENT TO AWARD.pdf
PDF 104 KB Posted
- Attached to
- Investment Consultant Services
- Solicitation number
- ITN-11419
- Issued by
- Leon County, Florida
About this file
This document is a Notice of Intent to Award from the Florida Prepaid College Board for Invitation to Negotiate #25-01, focusing on Investment Consultant Services for multiple Florida educational savings programs. The Board intends to award the contract to Marquette for providing comprehensive investment consulting services for the Stanley G. Tate Florida Prepaid College Program, Florida 529 Savings Plan, the Florida ABLE Program, and the Florida Prepaid College Foundation. While this notice does not constitute a formal binding contract, it indicates the Board's intent to proceed with Marquette and reserves the right to hold additional negotiations to establish final contract terms and conditions.
The procurement involves investment consulting services for approximately $1.6 billion in program assets, with a proposed five-year initial contract term and potential for five one-year renewals. The contract will require the consultant to perform services including investment performance validation, monthly and quarterly reporting, investment option design, allocation development, policy review, and investment manager monitoring. Compensation will be structured as a quarterly fee for ongoing services, with additional hourly rates for special consultations capped at $10,000 annually. The evaluation of potential respondents was based on a 100-point scale, considering factors such as organizational experience, reporting capabilities, consulting services, investment manager search services, and pricing schedule.
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Text version
STATE OF FLORIDA
FLORIDA PREPAID COLLEGE BOARD
INVITATION TO NEGOTIATE #25-01
Investment Consultant Services for the Stanley G. Tate Florida Prepaid College Program, Florida
529 Savings Plan, the Florida ABLE Program and the Florida Prepaid College Foundation.
NOTICE OF INTENT TO AWARD
The Florida Prepaid College Board (“Board”) hereby gives notice of its intent to award the contract to the firm listed below for ITN 25-01, Investment Consultant Services for the Stanley G. Tate Florida Prepaid College Program, Florida 529 Savings Plan, the Florida ABLE Program and the Florida Prepaid College Foundation.
• Marquette
This notice does not constitute a formal contract binding either the Board or the Respondent(s).
No binding contract(s) will be deemed to exist until such time as a written agreement has been fully executed by the Board and the awarded Respondents. The Board reserves the right to hold additional negotiations with the firms listed above in order to establish final contract terms and conditions.
Failure to file a protest within the time prescribed in section 120.57(3), Florida Statues, or failure to post the bond or other security required by law within the time allowed for filing a bond shall constitute a waiver of proceedings under Chapter 120, Florida Statutes.
To comply with these provisions, written notice of intent to protest must be filed with:
Shanna Rains Florida Prepaid College Board 1801 Hermitage Boulevard, Suite 210 Tallahassee, FL 32308
NOTICE OF INTENT TO AWARD
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