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Awarded contract·Board of Regents of the University System of Georgia (USG)·Georgia

USG Pooled Investment Services

Won by Truist Bank$2.8MSingle Award
Contract source

Awarded vendors

  • Truist Bank

Description

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.

Attached files

Key dates

Starts
7/1/2025
Ends
6/30/2035Renews
Duration
10 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523920
Solicitation №
47200-eRFP-000001307-2025

Contract value

$2,780,433

The estimated value of the contract is $2,780,433, which is based on the bid tabulation provided in the contract document. This estimate takes into account the costs associated with the investment management services, including discretionary investment advice and custodial services, over the 10-year term of the contract.

AI estimate from the award documents

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