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Awarded contract·VIA Metropolitan Transit·Texas

Investment Consulting Services for a Defined Benefit Plan and other Post-Employment Benefits (OPEB) Plan

Won by Asset Consulting Group$6MSingle Award
Contract source

Awarded vendors

  • Asset Consulting Group

Description

The contract is for investment consulting services for a defined benefit plan and other post-employment benefits (OPEB) plan. The consultant will work closely with the VIA Board of Trustees, Compensation and Pension Board Committee, Plan Administrator, and other Plan consultants to coordinate all the financial work for the Retirement and Other Post Employment Benefits (OPEB) Plans. The contract period is for five years, from December 1, 2012, to November 30, 2017. The scope of work includes managing, performing, and providing all activities and services, and producing all reports set out in the Scope of Work. The consultant will also participate in the selection and performance evaluation of investment managers. • The contract was awarded to Asset Consulting Group. • The contract term is for five years. • The scope of work includes investment consulting services for a defined benefit plan and OPEB plan. • The consultant will work closely with the VIA Board of Trustees and other Plan consultants. • The contract includes the selection and performance evaluation of investment managers.

Attached files

Key dates

Starts
12/1/2012
Ends
11/30/2017
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523920
Solicitation №
12-180

Contract value

$6,000,000

The contract value is not explicitly stated in the provided documents. However, based on the scope of work and the contract term, it can be estimated that the contract value is likely in the range of $500,000 to $2 million per year, considering the typical fees for investment consulting services. Over the five-year contract term, the total contract value could be estimated to be around $2.5 million to $10 million.

AI estimate from the award documents

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