Treasury Investment Portfolio System

The State of Michigan's Department of Technology, Management & Budget issued a Request for Proposal (RFP #171-180000000378) for a Treasury Investment Portfolio System, seeking a comprehensive Investment Accounting and Portfolio Management Software as a Service (SaaS) solution. The procurement process was initiated on December 7, 2017, with proposals due by January 19, 2018, and the final selection made through a rigorous three-step evaluation process. The technical evaluation was worth 100 points, with a minimum passing threshold of 80 points, and included a sample reports assessment on a pass/fail basis. Three vendors submitted proposals: Broadridge/QED, Eagle Investment Systems, and SimCorp USA. Only Broadridge/QED successfully passed the technical evaluation with an 88-point score and met the sample reports criteria. The contract's primary objectives include providing advanced investment portfolio management capabilities, with specific focus on accounting, reporting, and market data integration. The procurement timeline included a proposal submission deadline of June 11, 2018, with the award recommendation pending State Administrative Board approval.

The contract does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. The awarded contract with QED Financial Systems, Inc. is structured for a five-year base term with five additional potential renewal years. The total contract value is $3,366,310.78, which breaks down to $3,251,296.00 for software licensing, maintenance, and optional annual onsite training, plus an estimated $115,014.78 for market data subscription fees. The procurement appears to be a direct replacement or upgrade to the existing treasury investment management technology infrastructure, with the selected vendor providing a comprehensive Software as a Service solution. No incumbent vendor details were provided in the available documentation. The evaluation process prioritized technical capabilities and solution fit, with pricing being a secondary consideration after meeting the minimum technical requirements. The contract is specifically for the Michigan state government's treasury department, focusing on enhancing their investment portfolio management capabilities through a comprehensive technological solution.