Investment Management Solution

The City of Mesa issued an RFP (2023290) for an Investment Management Solution to replace its existing platform. After a competitive process, the contract was awarded to Clearwater Analytics, LLC for a one‑year, fixed‑price engagement valued at $54,000. The solution must be a commercial, production‑ready platform capable of handling a $1.1 B portfolio, integrating with the city’s financial system (CGI Advantage) and its custodian (U.S. Bank), and providing market‑value data without additional market‑data services. The City expects roughly 11 user licenses and a rapid implementation window of 90‑120 days after contract signing. The procurement was conducted under open competition with no set‑aside restrictions. • Scope: Provide a full‑featured investment‑management software platform (portfolio accounting, trade processing, reporting, data migration). • Requirements: Integration with CGI Advantage and U.S. Bank, market‑value data, 24 × 7 uptime, security compliance (NIST/ISO). • Award: Single‑vendor, firm‑fixed‑price contract, $54k for the first year, one‑year term.