CONTRACTAWARDED

City of Quincy Awards Financial Services Contract to Mass Prim (October 2025)

Disclosed value: $475 million; From minutes
Awarded: Oct 20, 2025

What it covers

The City of Quincy invested $475 million of its pension obligation bond proceeds with Mass PRIM to manage pension assets. This long-term investment is projected to save the city over $168.5 million over the life of the bond.

Who holds it

Mass Prim holds this financial services contract with City of Quincy. Its other public contracts on record include work for Town of Hull and Town of Clinton.

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Contract details

Contract type: Financial Services
Amount: $475 million
Document date: October 20, 2025
Vendor: Mass Prim
Agency: City of Quincy
Source document: City of Quincy Minutes City Council Meeting 2025-10-20 (Minutes)

Mass Prim's other public contracts

Town of Hull, MassachusettsHull Board Maintains $2 Million Mass PRIM Balance · Jun 23, 2026$2 million Town of Clinton, MassachusettsMass Prim Annual Investment Presentation Scheduled · Nov 25, 2025Undisclosed City of Beverly, MassachusettsMass PRIM Presents Annual PRIT Fund Update · Sep 25, 2025Undisclosed Town of Concord, MassachusettsBoard Considers Moving Assets to Mass Prim · Sep 24, 2025Undisclosed Town of Concord, MassachusettsBoard Considers Asset Transfer To Mass Prim · Sep 24, 2025Undisclosed All Mass Prim contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Quincy?

Mass Prim was awarded this financial services contract by City of Quincy, as recorded on October 20, 2025. The contract value is $475 million.

How much is the Mass Prim contract with City of Quincy worth?

The Mass Prim contract with City of Quincy is valued at $475 million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Quincy Minutes City Council Meeting 2025-10-20 (Minutes), dated October 20, 2025 from City of Quincy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Mass Prim hold?

Mass Prim may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Quincy currently buying?

Explore City of Quincy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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