About this opportunity
AI summaryThe City of Pinole requests proposals from qualified investment advisory firms to provide general investment advisory services. The selected contractor will assist with cash management, review investment policies and reporting procedures, coordinate investment maturities with cash requirements, monitor market risks and portfolio performance, and provide ongoing technical assistance. Eligible onshore USA organizations must demonstrate knowledge of California public funds investment requirements and experience with public agency cash management. Proposals must include a signed cover letter, firm qualifications, key personnel, scope of work, fee proposal, at least three client references, and conflict of interest disclosures. Proposals are due electronically by December 2, 2026, at 5:00 PM. The City will evaluate submissions based on firm qualifications, key personnel, scope of work, fees, and reference checks, with potential follow-up interviews. Questions must be submitted by November 12, 2026.
Buyer and opportunity details
- Client
- CITY OF PINOLE
Scope of work
- Review the City's investment policy, cash management practices, current portfolio, and reporting procedures
- Recommend investment strategies consistent with applicable law and the City's investment policy
- Recommend appropriate maturity structures and investment allocations based on projected cash needs
- Monitor market conditions, credit risks, interest-rate risks, and other risks
- Recommend purchases, sales, reinvestments, or other portfolio adjustments
- Assist with cash flow forecasting and identifying funds available for investment
- Monitor portfolio performance, investment maturity schedules, and portfolio diversification
- Assist with preparing periodic investment reports detailing portfolio holdings, market values, earnings, yields, and performance
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Qualifications | Not specified |
| Key personnel | Not specified |
| Scope | Not specified |
| Fee | Not specified |
| Reference checks | Not specified |
Minimum qualifications
- Experience advising California cities or comparable public agencies on cash investments
- Knowledge of applicable California public funds investment requirements, including Government Code Sections 53600
- Appropriate professional qualifications, registrations, and legal authority
- Qualified personnel and sufficient operational capacity to perform the services
- Experience with investment policy compliance, cash management, performance reporting, and risk monitoring
- City of Pinole business license required for the firm awarded the contract
Documents to include with your response
- Cover Letter signed by an authorized person
- Qualifications description and firm history
- Key Personnel and subconsultants information
- Proposed Scope of Services with tasks, deliverables, and timeline
- Fee Proposal
- Minimum of three client references and list of California municipal clients
- Conflicts and Terminations statement
- Statement regarding City Standard Consulting Services Agreement and insurance requirements
Key dates
- Question Submission Deadline
- November 12, 2026
- Question Response Deadline
- November 17, 2026
- Proposal Submission Deadline
- December 2, 2026 at 5:00 PM
How to submit
- Method
- Electronic via OpenGov Procurement
- Instructions
- Create an account at https://procurement.opengov.com/signup, click on Draft Response, and follow instructions to submit.
Contract details
- Insurance and bonding
- Willingness to execute an agreement with the terms, including insurance requirements, set forth in the City's Standard Consulting Services Agreement.