Maryland State Retirement Agency Global Custody Services Request For Proposals 2026
Maryland State Retirement Agency | State of MarylandState · Baltimore, MD- Due
- Sep 25, 2026
- Deadline passed
- Posted
- Aug 24, 2026
- Contract term
- 5 years
- Primary contact
- Robert Burd
- (410) 625-5571
The 30-second brief
The Maryland State Retirement Agency is seeking proposals from qualified firms to provide global custody services, including accounting and auditing, trade settlement and custody, cash management, reporting requirements, corporate actions, performance measurement and analytics, and compliance monitoring. The scope covers domestic and international assets managed by the Board for the Maryland State Retirement and Pension System, MTA plans, and PHBT fund, representing approximately $82.1 billion in combined assets. The contract term is an initial 5 years starting March 1, 2027, with potential extensions up to 4 additional years. Proposals are due by September 25, 2026. Evaluation criteria include qualifications, capabilities, prior experience, personnel, references, and economic benefits to Maryland.
Offeror's Qualifications, Offeror's Capabilities, Prior Experience, Personnel, References, Economic Benefits to Maryland
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Summary
The Maryland State Retirement Agency is seeking proposals from qualified firms to provide global custody services, including accounting and auditing, trade settlement and custody, cash management, reporting requirements, corporate actions, performance measurement and analytics, and compliance monitoring.
The scope covers domestic and international assets managed by the Board for the Maryland State Retirement and Pension System, MTA plans, and PHBT fund, representing approximately $82.1 billion in combined assets. The contract term is an initial 5 years starting March 1, 2027, with potential extensions up to 4 additional years. Proposals are due by September 25, 2026. Evaluation criteria include qualifications, capabilities, prior experience, personnel, references, and economic benefits to Maryland.
EVALUATION CRITERIA
6- Offeror's Qualifications
- Offeror's Capabilities
- Prior Experience
- Personnel
- References
- Economic Benefits to Maryland
REQUIRED ATTACHMENTS
5- Bid/Proposal Affidavit
- Contract Affidavit
- Conflict of Interest Affidavit and Disclosure
- Annual Compliance Questionnaire and Certificate
- Financial Statements
- Submit to
- Maryland State Retirement System, Attn: Robert Burd, 120 E. Baltimore St., 12th Floor, Baltimore, MD 21202
- Duration
- 60 months
- Scope location
- Baltimore, MD
- Reported agency
- Maryland State Retirement Agency
Questions about this RFP
How do I respond to this RFP from Maryland State Retirement Agency | State of Maryland?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is September 25, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: Maryland State Retirement System, Attn: Robert Burd, 120 E. Baltimore St., 12th Floor, Baltimore, MD 21202. For questions, contact Robert Burd.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Maryland State Retirement Agency | State of Maryland in MD, 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 Robert Burd at (410) 625-5571. Questions and answers are typically shared with all prospective bidders.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Offeror's Qualifications, Offeror's Capabilities, Prior Experience, Personnel, References, Economic Benefits to Maryland" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Maryland State Retirement Agency | State of Maryland?
All active and historical solicitations from Maryland State Retirement Agency | State of Maryland are tracked and searchable. As a state agency, Maryland State Retirement Agency | State of Maryland regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
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: Bid/Proposal Affidavit, Contract Affidavit, Conflict of Interest Affidavit and Disclosure, Annual Compliance Questionnaire and Certificate, Financial Statements. Review the full document from Maryland State Retirement Agency | State of Maryland for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Baltimore, MD. Review the full solicitation for detailed scope requirements.