City of Lake Wales - Investment Consulting Services for General Employees Pension Plan - RFP
City of Lake WalesCity · Lake Wales, FL- Due
- May 26, 2027
- 195 days left
- Primary contact
- Carmen Ortiz
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Summary
The City of Lake Wales General Employees' Pension Plan and Trust is seeking proposals from qualified investment consultants to provide consulting services for the pension plan, managing approximately $12,500,000 in plan assets.
Scope of work includes attending quarterly and special investment meetings, evaluating professional money managers, reviewing and analyzing rates of return and portfolio performance, reconciling custodial trading confirmations, coordinating with legal counsel and actuary, assisting outside auditors, and developing investment policy. Qualified bidders must be SEC-registered investment advisors under the Investment Advisor's Act of 1940, serve as plan fiduciaries under Florida Statutes Section 112.656, provide services on a flat-fee basis, have no association with money managers, and possess at least 3 years of public sector experience. Proposals are due by May 26 at 5:00 p.m., submitted to Carmen Ortiz, Human Resources Coordinator, at the City of Lake Wales, FL. Required submissions include corporate name, personnel experience, company description, references, fidelity bond and professional liability insurance declarations ($500,000 minimum fidelity bond, $2 million minimum professional liability policy), office location, litigation and legal history disclosures, and a detailed fee proposal.
REQUIRED ATTACHMENTS
8- Fidelity bond declarations page
- Professional liability insurance declarations page
- References
- Corporate name
- Staff experience
- Company description
- Detailed fee proposal
- Disclosure of legal action
- Submit to
- Carmen Ortiz, Human Resources Coordinator, City of Lake Wales, 201 Central Avenue W, Lake Wales, FL 33853, Email: [email protected] and [email protected]
- Scope location
- Lake Wales, FL
Questions about this RFP
How do I respond to this RFP from City of Lake Wales?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is May 26, 2027. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: Carmen Ortiz, Human Resources Coordinator, City of Lake Wales, 201 Central Avenue W, Lake Wales, FL 33853, Email: [email protected] and [email protected]. For questions, contact Carmen Ortiz.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Lake Wales in FL, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Carmen Ortiz. Questions and answers are typically shared with all prospective bidders.
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Where can I find more RFPs from City of Lake Wales?
All active and historical solicitations from City of Lake Wales are tracked and searchable. As a city agency, City of Lake Wales regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
Is this solicitation still open for submissions?
Based on the posted deadline of May 26, 2027, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: fidelity bond declarations page, professional liability insurance declarations page, references, corporate name, staff experience, company description, detailed fee proposal, disclosure of legal actio. Review the full document from City of Lake Wales for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Lake Wales, FL. Review the full solicitation for detailed scope requirements.