PFM Asset Management Receives $250K DWSD Financial Services Contract
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Description
The Board of Water Commissioners recommended awarding a contract to PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc., for financial asset management services totaling up to $250,000 over five years.
Contract Details
Contract Amount
$150,000.00 initial, two 1-year renewals at $50,000.00, total not-to-exceed $250,000.00
Vendor
PFM ASSET MANAGEMENT a DIVISION OF U.S. BANCORP ASSET MANAGEMENT INC
Agency
Detroit Water & Sewerage Department, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
3 years, with two 1-year renewal options
Renewal Date
2031-01-13
Renewal Info
Two 1-year renewal options at $50,000 each after initial 3-year term.
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