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Approval of Contract with Public Trust Advisors, LLC as a result of P2023000006
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The Albuquerque Bernalillo County Water Utility Authority issued the Request for Proposals (RFP) P20232000006, Investment Management Services, to solicit proposals from qualified vendors.
The RFP was posted on BidSync and advertised in the local newspaper. Four (4) responsive Offers were submitted for evaluation. The Ad-Hoc Committee reviewed, evaluated, and scored the responses in accordance with the evaluation criteria published in the RFP.
Based on the recommendation of the Ad-Hoc Committee, the Executive Director recommends the award of a contract to Public Trust Advisors, LLC., as this vendor has the highest composite score, is qualified to perform the work, and meet the requirements of the RFP. The highest total composite score possible, without preferences applied, is 1000. All scores listed are the combined average of all Committee members with applicable preferences applied.
Offers Total Composite Score
City Different Investments 783
Garcia, Hamilton & Associates 771
Government Portfolio Advisors, LLC 843
Public Trust Advisors, LLC 922
Approval of this item will serve as delegation of authority for the Executive Director to enter into an agreement for Public Trust Advisors, LLC. to provide investment management services as well as approve all future amendments to this agreement, if any.
FISCAL IMPACT:
The fiscal impact is based upon investments under management and is not expected to exceed $100,000 per year for the term of this agreement and is budgeted.