Pension Reserves Investment Management Board - Operational Due Diligence Services RFP - 2026
Massachusetts Pension Reserves Investment Management Board | Commonwealth of MassachusettsState · Boston, MA- Due
- Oct 9, 2026
- Deadline passed
- Posted
- Sep 1, 2026
- Contract term
- 5 years
- Primary contact
- Matthew H. Liposky
- (617) 946-8401
The 30-second brief
The Massachusetts Pension Reserves Investment Management Board (PRIM) is soliciting proposals from qualified firms to provide operational due diligence services for the PRIT Fund. The scope of work includes conducting 40+ on-site operational due diligence reviews at investment management firms annually, monitoring all investment management firms, reviewing annual ODD questionnaires and Form ADVs, performing daily news and media monitoring, conducting background checks on principals and key personnel, and producing comprehensive written reports. Proposals must be submitted via email by 3:00 p.m. ET on October 9, 2026, with questions due by September 25, 2026. The contract term is 5 years with potential extensions up to 7 years.
Relevant Qualifications and Experience with Similar Clients, Quality of Proposal, Proposed Team, References, Fee Proposal
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Summary
The Massachusetts Pension Reserves Investment Management Board (PRIM) is soliciting proposals from qualified firms to provide operational due diligence services for the PRIT Fund.
The scope of work includes conducting 40+ on-site operational due diligence reviews at investment management firms annually, monitoring all investment management firms, reviewing annual ODD questionnaires and Form ADVs, performing daily news and media monitoring, conducting background checks on principals and key personnel, and producing comprehensive written reports. Proposals must be submitted via email by 3:00 p.m. ET on October 9, 2026, with questions due by September 25, 2026. The contract term is 5 years with potential extensions up to 7 years.
EVALUATION CRITERIA
5- Relevant Qualifications and Experience with Similar Clients
- Quality of Proposal
- Proposed Team
- References
- Fee Proposal
REQUIRED ATTACHMENTS
7- Cover Letter
- Responses to Minimum Qualifications
- Responses to Questions
- Representations and Warranties
- PRIM Disclosure Statement
- Fee Proposal
- Form ADV
- Submit to
- [email protected]
- Duration
- 60 months
- Scope location
- Boston, MA
- Reported agency
- Pension Reserves Investment Management Board
Questions about this RFP
How do I respond to this RFP from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 9, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Matthew H. Liposky.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts in MA, 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 Matthew H. Liposky at (617) 946-8401. 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: "Relevant Qualifications and Experience with Similar Clients, Quality of Proposal, Proposed Team, References, Fee Proposal" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts?
All active and historical solicitations from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts are tracked and searchable. As a state agency, Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts 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: Cover Letter, Responses to Minimum Qualifications, Responses to Questions, Representations and Warranties, PRIM Disclosure Statement, Fee Proposal, Form ADV. Review the full document from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Boston, MA. Review the full solicitation for detailed scope requirements.