Investment Management Services

This state and local contracting opportunity is a request for proposals (RFP) for investment management services issued by the Florida Department of Economic Opportunity (DEO) on behalf of the State of Florida, Leon County, and the City of Tallahassee. The RFP seeks qualified respondents to provide investment management services to oversee and manage investment portfolios for these state and local government entities. Key deliverables include portfolio management, investment strategy development, performance reporting, and compliance with applicable regulations. Minimum qualifications for respondents include demonstrated experience in managing public sector investment portfolios, a team of qualified investment professionals, and a robust internal control environment. The evaluation criteria for proposals will focus on qualifications, investment strategies, service delivery, and fees. The original RFP deadline has been extended from September 26, 2022 to September 30, 2022, with the anticipated Notice of Intent to Award to be posted on October 11, 2022.

This contracting opportunity does not include any set-aside designations or restrictions on the types of organizations that can respond. The current incumbent or any existing contractors are not identified. The RFP does not specify an award value or budget range, though the investment portfolios to be managed are for the State of Florida, Leon County, and the City of Tallahassee, which may indicate a significant scope of work and potential contract value.