About this opportunity
AI summaryLamont County seeks proposals for municipal investment management, custody arrangement, and reporting services for its reserve funds over a three-year contract term. The selected manager will manage the portfolio offsite on a discretionary basis, establish a laddered cash-flow strategy aligned with planned reserve draws, ensure daily trade compliance, and return funds within two business days upon request. Eligible onshore Canadian proponents must submit fixed fee schedules quoted in Canadian dollars. Proponents must submit one original and three hard copies of their proposal, plus one electronic copy on a USB drive, to the front reception desk of the County's Administration Office by December 4, 2026, at 2:00 p.m. local time. The deadline to submit written questions to the County Contact is November 20, 2026, at 12:00 p.m. local time.
Buyer and opportunity details
- Client
- Lamont County
- Solicitation No.
- INV-2026-01
Scope of work
- Manage reserve funds on a discretionary basis within statutory and policy limits
- Review reserves, capital plan, and cash-flow forecast during onboarding
- Recommend investment strategy, term structure, and liquidity buffer for reserve groups
- Prepare an Investment Policy Statement consistent with Policy 7012.26
- Open accounts, set up custody, and transfer funds in stages
- Build and maintain a laddered portfolio matched to County cash needs
- Arrange safekeeping with an independent Canadian trust company or bank-owned custodian
- Provide monthly statements, tri-annual compliance reports, and annual Council presentations
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Investment approach, risk control and fit with County needs, including the laddering strategy | 25% |
| Experience with Alberta municipalities and public-sector clients | 20% |
| Fees and total cost (Appendix B) | 20% |
| Team qualifications and service model, including an Alberta office and in-person service | 15% |
| Reporting, custody and controls | 10% |
| Performance record (risk-adjusted, after fees) | 5% |
| References | 5% |
Minimum qualifications
- Registered and in good standing in Alberta as a portfolio manager under NI 31-103, or a CIRO dealer with a registered portfolio manager on the account
- Independent Canadian custodian for all County assets
- At least five (5) years managing Canadian fixed-income portfolios for public-sector or institutional clients
- Insurance coverage meeting specified minimums
- Written agreement to manage within MGA s.250, the Regulation, County Investment Policy, and RFP Section 4.3 limits
- No undisclosed regulatory sanctions in the last ten (10) years
- A documented laddering and cash-flow strategy
Documents to include with your response
- Transmittal Letter
- Corporate Profile
- Investment Approach description
- Team resumes
- Performance history and benchmark details
- Custody and Controls documentation
- Sample reporting statements
- Appendix B – Fee Schedule
- Insurance certificates or broker letter of insurability
- Appendix A – Proposal Form and Conflict of Interest declaration
Key dates
- Date Request for Proposal Issued
- November 2, 2026
- Deadline for Questions
- November 20, 2026 at 12:00 p.m.
- Deadline for Issuing Addenda
- November 25, 2026
- Submission Deadline
- December 4, 2026 at 2:00 p.m.
- Short-list Interviews (if required)
- Week of January 11, 2027
- Council Approval of Award
- Last Regular Council meeting in January 2027
- Agreement Start and Onboarding
- Mid-February 2027
How to submit
- Method
- Sealed hard copy and USB drive
- Instructions
- Deliver one original, three hard copies, and one electronic copy in PDF format on a USB drive to the Administration Office reception desk, 5303 – 50th Avenue, Lamont, Alberta T0B 2R0. Main proposal limited to 25 pages or less, excluding appendices.
Contract details
- Term
- Three (3) years, with the option of two (2) further one-year extensions
- Place of performance
- Lamont County, Alberta
- Insurance and bonding
- Commercial General Liability of not less than $5,000,000 per occurrence; Professional Liability (errors and omissions) of not less than $5,000,000 per claim; fidelity or crime coverage of not less than $1,000,000; Workers' Compensation coverage where required by law.