Treasury Investment Portfolio System

The State of Michigan Department of Technology, Management and Budget, in conjunction with the Michigan Department of Treasury's Bureau of Investments, is issuing a Request for Proposal for a Software as a Service (SaaS) investment accounting and portfolio management system. The procurement seeks a comprehensive cloud-based solution to manage approximately $81.1 billion in assets across multiple investment divisions serving State Retirement Systems and various state trust and agency funds. Key deliverables include a fully operational system by August 1, 2018, with mandatory compliance including SOC 1 and SOC 2 Type II certifications, annual SSAE 16 SOC reporting, adherence to NIST publications and COBIT frameworks, and disaster recovery capabilities with an 8-hour Recovery Point Objective and Recovery Time Objective. The system must integrate with Bloomberg AIM, State Street Bank, and the State's SIGMA general ledger system, provide comprehensive security measures, achieve ADA compliance at WCAG 2.0 Level AA, and be compatible with Windows 10, Internet Explorer 11, Microsoft Edge, and Chrome browsers. Evaluation will be weighted at 100 points for technical factors, followed by a pass/fail sample report evaluation, with only proposals scoring 80 points or higher advancing to pricing evaluation. A pre-proposal meeting is scheduled for December 18, 2017, at 11:30 a.m. EST via teleconference; written questions are due by December 22, 2017, at 3:00 p.m. EST with answers posted by January 4, 2018; and proposals must be submitted electronically by January 19, 2018, at 3:00 p.m. EST, with an anticipated contract begin date of March 31, 2018.

The RFP does not specify any set-aside designations or restrictions limiting responses to particular categories of organizations, nor does it identify any incumbent vendors or current contractors. Pricing structure consists of firm fixed implementation costs paid in milestones and annual license and maintenance fees, with contractors required to submit a one percent administrative fee on all payments and responsible for all costs associated with background checks, security clearances, and insurance requirements. No travel or out-of-pocket expenses will be reimbursed by the State. While the document references option years with a maximum fee increase of three percent annually, the specific contract term and total award value or budget range are not provided in the materials available. The contract duration and total estimated value should be clarified through the official RFP documentation or during the pre-proposal meeting and question-and-answer period.