RFP 26-1396 Investment Advisory Services

The Brazos River Authority is soliciting proposals for Investment Advisory Services under solicitation number 26-1396. This professional services agreement, governed by Texas state law, seeks a qualified consultant to provide studies, evaluations, cost estimates, and technical recommendations to support portfolio management and credit analysis. The contract features an initial two-year term with two optional two-year renewals, allowing for a total duration of up to six years. Proposals must be submitted via BidNet Direct or delivered to the Waco, Texas office by August 31, 2026, at 4:00 PM. Submissions are limited to 20 pages, excluding resumes, sample reports, and required forms such as the W-9, Conflict of Interest Questionnaire, and Non-Collusion Affidavit. Award selection is based on a best-value trade-off process where respondent qualifications, experience, the proposed service plan, and fees are each weighted at 25 percent. The BRA prioritizes technical competence over price during the initial selection, negotiating fair and reasonable pricing thereafter. The selected consultant must adhere to a professional standard of care and the Prudent Person Rule for investments. Special requirements include strict prohibitions against boycotting Israel or fossil fuel companies, restrictions on entities headquartered in China, Iran, North Korea, or Russia, and mandatory disclosure of interested parties for contracts exceeding 250,000 dollars. Invoices are submitted electronically and paid within 30 days of acceptance.