The contract is for investment advisor services to be provided to Farmington City. The city issued a Request for Proposals (RFP) and conditionally awarded the contract to Meeder Public Services. The award is subject to final approval by the City Council and the successful negotiation of a contract. The scope of work includes providing investment advice to the city, and the contractor must be approved by the Utah Money Management Council and comply with the Utah Money Management Act. Key points to consider for similar contracts include the requirements for the contractor's qualifications and experience, the evaluation criteria used to select the contractor, and the terms and conditions of the contract.
• The contract is for investment advisor services
• The contractor must be approved by the Utah Money Management Council
• The contractor must comply with the Utah Money Management Act
• The award is subject to final approval by the City Council and contract negotiation
• The city reserves the right to cancel the award at any time prior to contract execution