RFP 02-24 Investment Advisory and Consulting Services

The City of Rockville, Maryland has issued Request for Proposal (RFP) 02-24 seeking investment advisory and consulting services for multiple retirement and benefit plans. The procurement specifically targets qualified firms with substantial experience managing defined benefit Pension Plans, defined contribution Thrift Plans, deferred compensation 457 Plans, and Retiree Benefit Trusts. Prospective vendors must demonstrate comprehensive expertise in investment management, strategic consulting, and fiduciary oversight for municipal retirement programs. The RFP was posted on November 17, 2023, with proposal submissions due by January 12, 2024, through the city's procurement gateway at https://contracts.rockvillemd.gov/gateway/Default.aspx. While specific evaluation criteria are not fully detailed in the provided information, respondents can expect rigorous assessment of their professional credentials, investment track record, technical capabilities, and proposed approach to managing complex municipal retirement portfolios.

The contract opportunity is situated within Montgomery County, Maryland, with a state contract identification number of 663a8b76d63e6359300e6817. No explicit set-aside designations or restrictions for disadvantaged business enterprises are mentioned in the available documentation. Potential respondents should be established investment advisory firms with demonstrated capability to manage multiple retirement plan structures and provide comprehensive consulting services. The scope suggests a potentially significant engagement, though specific budget ranges or estimated contract values are not disclosed in the current procurement notice. Interested firms should carefully review the complete RFP documentation through the city's contract gateway to understand the full technical requirements, submission protocols, and evaluation methodology for this investment advisory services procurement.