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This Solicitation opportunity from New York was posted on September 6, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Passive U.S. Equity and U.S. Core Fixed Income Management Services

Closed
2113075State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 541612
New
SLED
IFB#77-27-YE HUMAN RESOURCE MANAGEMENT EMPLOYEE CLIMATE ACTION PLAN
Solicitation # 77-27-YE
The City of Portsmouth, Virginia, issued solicitation IFB#77-27-YE to secure a qualified vendor for the Human Resource Management Employee Climate Action Plan. The selected vendor will be responsible for conducting employee climate surveys and providing structured, city-wide departmental action planning support to translate survey findings into measurable organizational improvement strategies. Additionally, the scope of work includes providing third-party workplace investigations for claims related to discrimination, sexual harassment, or workplace harassment. The contract features an initial performance period of two years from the date of award, with three optional one-year renewal periods. The award will be granted on a grand total basis to the lowest responsive and responsible bidder. Bidders must submit their proposals electronically via the eVA portal by November 23, 2026, and must include a bid bond, a W-9 form, and various certifications regarding socioeconomic status and conflict of interest. The contract is subject to the City of Portsmouth Procurement Ordinance and the Virginia Public Procurement Act, with specific requirements for record retention for five years and a standard 30-day payment term. Compliance with federal and state anti-discrimination laws, including the Americans with Disabilities Act and the Virginia Fair Employment Contracting Act, is mandatory.
City of Portsmouth

POSTED

about 20 hours ago

DEADLINE

in 26 days

AI Contract Overview

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The New York State Deferred Compensation Board is seeking proposals from qualified financial organizations to provide passive management services for U.S. equity and fixed income investments under the state's Deferred Compensation Plan for Employees of the State of New York and other participating jurisdictions. The plan complies with Section 457 of the Internal Revenue Code and relevant state laws, offering investment options including large-cap core passive funds benchmarked to the S&P 500, small-mid cap core passive funds benchmarked to the Russell 2500 or an equivalent index, and core fixed income funds benchmarked to the Bloomberg U.S. Aggregate Bond Index. The solicitation invites proposals from mutual funds, collective investment trusts, or other daily liquid pooled vehicles that are eligible for inclusion in the plan, explicitly excluding separately managed accounts. Existing managers are encouraged to rebid, and the contract, if awarded, could last up to ten years, covering all counties in New York State. Proposals must be submitted by October 4, 2024, at 5 PM Eastern time, with the solicitation posted on the Callan and NYS Deferred Compensation Board websites. The contract size is estimated to range between 50 million and 150 million dollars. The process is open to all eligible business entities, with no set-aside for service-disabled veteran-owned firms. This procurement is part of the State's effort to enhance its retirement investment options by engaging qualified firms capable of managing passive U.S. equity and fixed income funds in accordance with the specified benchmarks and investment vehicle criteria.

General Info

Agency

New York → NYS Deferred Compensation Plan

Place of Performance

NY, USA

Set-Aside

NONE

Documents

0

No documents available

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyNew York → NYS Deferred Compensation Plan
ContactsNo contacts available
OfficeN/A
Organization / Agency
New York → NYS Deferred Compensation Plan
Office AddressN/A
ContactsNo contact information available

Full Description

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Pursuant to the provisions of 9 NYCRR, Section 9003.2 authorized by Section 5 of the State Finance Law, the New York State Deferred Compensation Board, beginning September 6, 2024, is soliciting proposals from financial organizations to provide Passive U.S. Equity and U.S. Fixed Income management services. The funds will represent investment options under the Deferred Compensation Plan for Employees of the State of New York and Other Participating Public Jurisdictions, a plan meeting the requirements of Section 457 of the Internal Revenue Code and Section 5 of the State Finance Law, including all rules and regulations issued pursuant thereto.  A copy of the request for proposals will be posted on Callan’s website, callan.com, and the Board website, www.deferredcompboard.ny.gov. All proposals must be received no later than 5 PM Eastern time on October 4, 2024. The Board is seeking proposals from financial organizations to provide Passive U.S. Equity and U.S. Core Fixed Income Management as detailed below. Existing managers are invited to rebid. Large Cap Core Passive, benchmarked to the S&P 500 Index. Small-Mid (SMID) Cap Core Passive, benchmarked to the Russell 2500 Index or equivalent SMID Index. Core Fixed Income, benchmarked to the Bloomberg U.S. Aggregate Bond Index. The process is open to evaluating mutual funds, CIT’s, or other daily valued, daily liquid pooled vehicles that are eligible for inclusion in the Plan, not to separately managed accounts. Service-Disabled Veteran-Owned Set Aside: No Due date:10/04/2024 5:00 PM Contract term: Up to 10 Years County(ies): All NYS counties Business entities awarded an identical or substantially similar procurement contract within the past five years: None

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