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Awarded contract·Carroll County - Government·Maryland

Investment Consultant Professional Services

Won by Marquette Associates, Inc.$250kSingle Award
Contract source

Awarded vendors

  • Marquette Associates, Inc.

Description

The contract is for Investment Consultant Professional Services for the Carroll County Pension Plan Trust, the Carroll County Public Safety Pension Plan Trust, the Carroll County Maryland Volunteer Firemen’s Length of Service Award Program, and the Carroll County Master Retiree Benefit Trust. The vendor will provide investment advisory services for these plans. The contract was awarded to Marquette Associates, Inc. The scope of work includes providing investment advisory services for the four plans, and the vendor is expected to have demonstrated professional competence and experience in investment consulting. • The contract is for a single award. • The vendor will provide investment advisory services for the four plans. • The contract was awarded through a competitive bidding process. • The contract documents include a notice of intent to award, a technical proposal, and a price proposal. • The vendor is expected to have experience in investment consulting and to provide high-quality services.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523930
Solicitation №
15-F-1-24/25

Contract value

$250,000

The contract value is not explicitly stated in the documents. However, based on the scope of work and the services required, it can be estimated that the contract value is likely to be in the range of $100,000 to $500,000 per year, depending on the services provided and the fees charged by the vendor. The contract is for investment consulting services, which typically involve a fee-based structure, with fees ranging from 0.1% to 1.0% of the assets under management. Assuming an average fee of 0.5% and an average asset size of $100 million, the annual contract value would be approximately $500,000. However, this is a rough estimate and the actual contract value may be higher or lower, depending on the specific terms and conditions of the contract.

AI estimate from the award documents

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