Town of Novi Portfolio Management Services for Operating and Capital Funds RFP 2026
Town of NoviCity · Novi, MI- Due
- Feb 19, 2026
- Deadline passed
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Summary
The City of Novi is soliciting proposals from qualified investment advisory firms to provide portfolio management services.
The scope involves managing approximately $100 million in operating and capital funds, specifically excluding pension funds. Services will include professional investment advice, asset allocation, and ongoing portfolio oversight for the City's non-pension assets. The procurement is identified under solicitation number 0000409024 on the BidNet Direct portal. Proposals must be submitted by the deadline of February 19, 2026, at 3:00 PM. The project is located in Oakland County, Michigan.
- Scope location
- Novi, MI
Questions about this RFP
How do I respond to this RFP from Town of Novi?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is February 19, 2026.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Town of Novi in MI, 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.
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Where can I find more RFPs from Town of Novi?
All active and historical solicitations from Town of Novi are tracked and searchable. As a city agency, Town of Novi regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
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. Review the full document from Town of Novi for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Novi, MI. Review the full solicitation for detailed scope requirements.