Notice of Intent~16.pdf
PDF 293 KB Posted
- Attached to
- Investment Advisory Services
- Solicitation number
- FM-23-323
- Issued by
- California
About this file
This is a Notice of Intent to Award and supporting evaluation documentation for Request for Proposals No. RFP FM-23-323 issued by the City of Long Beach for Investment Advisory Services. The RFP was released on October 26, 2023, with Best and Final Offers due by January 30, 2024. Three responsive proposals were received and evaluated by a selection committee from the Department of Financial Management using four criteria: Organizational Capacity & Experience, Method of Approach, Communications & Reporting, and Reasonableness of Cost. The Notice of Intent to Award was issued on February 9, 2024, and the City intends to award the contract to Meeder Public Funds, Inc., of Dublin, Ohio, based on the firm's demonstrated significant experience in the required services. Work shall not commence until the awarded vendor receives and signs a purchase order from the City.
The document does not specify pricing terms, contract amounts, funding sources, or contract duration. No incumbent information, set-asides, site visits, or bidders conferences are referenced in the provided documentation. The award is conditional and does not become effective until formalized through a signed purchase order from the City of Long Beach's Financial Management Department, Business Relations Bureau/Purchasing Division, located at 411 West Ocean Boulevard, Long Beach, California 90802.
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Other files
| File | Type | Posted |
|---|---|---|
| Addendum #1 RFP 23-323 Investment Advisory Services(KA).pdf | ||
| VISA Questionnaire.docx | DOCX document | |
| Section 4.3~11.docx | DOCX document | |
| FM-23-323 Investment Advisory Services.pdf | ||
| Attachment A Authorization and Certification Form~24.pdf |
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Text version
February 9, 2024
RE: NOTICE OF INTENT TO AWARD
REQUEST FOR PROPOSALS No. RFP FM-23-323
The City of Long Beach (City) has completed its evaluation of Request for Proposals (RFP) No. FM-23-323 for Investment Advisory Services.
Three responsive proposals were received and evaluated. Based on the evaluation criteria stated in the RFP, and analysis of the response, it is the City’s intent to award the contract to:
• Meeder Public Funds, Inc., of Dublin, OH.
Thank you for your participation in the procurement process. The City of Long Beach regards your firm as an important and valuable provider of goods and/or services. If I can answer any further questions, please feel free to contact me at (562) 570-6027 during normal business hours or by email at rfppurchasing@longbeach.gov.
Sincerely, William Reyes William Reyes, Buyer I
NOTE: This Notice of Intent to Award does not constitute an award.
The awarded vendor will receive a purchase order from the City of
Long Beach. Work shall not commence without a signed purchase order.
Financial Management Business Relations Bureau/Purchasing Division
411 West Ocean Blvd., Long Beach, CA 90802
(562) 570-6200 mailto:rfppurchasing@longbeach.gov
DATE: February 5, 2024
TO: Michelle Wilson, Purchasing Agent, Financial Management
FROM: Hank Kim, City Treasurer, Financial Management Department
SUBJECT: RFP FM-23-323 for Investment Advisory Services
A Request for Proposals (RFP) was released on October 26, 2023, for Investment Advisory Services. Three Best and Final Offers were received by the January 30, 2024, due date.
The Best and Final Offer was reviewed by the selection committee that included representatives from the Department of Financial Management. The Best and Final Offer were evaluated in accordance with the following criteria:
• Organizational Capacity & Experience
• Method of Approach
• Communications & Reporting
• Reasonable of Cost
After a thorough review and evaluation of the proposal, the selection committee, selects Meeder Public Funds, an Dublin corporation of Ohio, Dublin, as the firm has demonstrated significant experience in the required services.
Approved by Purchasing:
Michelle Wilson Date Purchasing Agent
Department of Financial Management 411 West Ocean Boulevard, 6th Floor
Long Beach, CA 90802
(562) 570-6425
2/8/24
File details come from the government source that posted it. Updated .