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Awarded contract·Stephen F. Austin State University·Texas

INVESTMENT SERVICES-2019

Won by Investment services for bond proceeds$500kSingle Award
Contract source

Awarded vendors

  • Investment services for bond proceeds

Description

Stephen F. Austin State University solicited a discretionary investment‑management contract to handle approximately $115.5 million in bond‑proceed assets, providing monthly reporting, online access, and strict adherence to the university’s investment policy. The scope includes segregated accounting for taxable and non‑taxable series, collateralized cash accounts, and liquidity to meet construction draw schedules, with all personnel required to be E‑Verify compliant and to observe non‑boycott and anti‑terrorist clauses. The procurement was open competition, with a revised proposal deadline of 10 April 2019, and the contract term is up to two years, renewable only through a Board of Regents action. • Manage $115.5 M of bond‑proceeds (tax‑exempt and taxable) • Provide monthly statements, online account access, and quarterly Board reports • Must comply with SFA Investment Policy 3.21, E‑Verify, non‑boycott, and GLBA confidentiality requirements.

Attached files

Key dates

Bids closed
4/10/2019
Starts
4/15/2019
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523920
Solicitation №
INVESTMENT SERVICES‑2019

Contract value

$500,000

The contract’s primary value driver is the management of $115.5 million in bond proceeds. Typical discretionary investment‑management fees range from 0.20% to 0.30% of assets under management per year. Applying a mid‑range 0.25% yields an annual fee of roughly $288,750 (0.0025 × 115,500,000). Over the maximum two‑year term, the fee would be about $577,500. Adding modest performance‑based fees or ancillary service costs could raise the total to roughly $600,000. Therefore a reasonable ball‑park estimate for the contract value is between $500,000 and $650,000.

AI estimate from the award documents

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