USG Pooled Investment Services

The USG is seeking a professional financial service to manage its Pooled Investment Fund Program. The selected vendor will provide investment management services, including discretionary investment advice and custodial services. The contract has a term of 10 years, with the option to renew for up to 9 additional years. The estimated value of the contract is $2,780,433. The USG intends to award the contract to Truist Bank, which submitted the highest-scoring proposal. Some key aspects of the contract include: • The vendor will provide investment management services, including discretionary investment advice and custodial services. • The contract has a term of 10 years, with the option to renew for up to 9 additional years. • The estimated value of the contract is $2,780,433. • The USG intends to award the contract to Truist Bank, which submitted the highest-scoring proposal. • The contract requires the vendor to provide regular reports and performance updates to the USG. • The vendor will be responsible for managing the USG's pooled investment fund program, including selecting and evaluating outside managers. • The contract includes provisions for data security and business continuity planning.