Third Party Banking & Investment Consultant

The City of Cedar Rapids has issued a Notice of Request for Qualifications seeking a Third Party Banking & Investment Consultant, with submissions due electronically through the city's designated online procurement portal by November 4, 2024. The contract, valued between $500,000 and $2,000,000, aims to select a qualified firm to provide banking and investment advisory services, with evaluations conducted promptly after the opening of responses. The process emphasizes strict adherence to submission protocols, including the sole acceptance of electronic bids, and maintains a 60-day response validity period post-submission. The solicitation is managed by Heather Mell, whose contact details are provided for inquiries. Supporting documentation includes policies on local business preferences within Linn County, Iowa, which may influence bid evaluations, as well as detailed scope of services for related engineering projects at the Cedar Rapids Public Library. The contractual framework is governed by standard terms and conditions that address proposal requirements, ADA compliance, conflict of interest policies, dispute resolution, and insurance obligations. Insurance requirements specify minimum coverage limits and endorsements necessary for consultants, with certifications confirming the ability to meet these requirements. Additional documents include specific bid instructions for related projects, such as signage RFQs and fire engine rebids, illustrating the city's comprehensive procurement approach across various services and commodities.