Government Contract | Pennsylvania
Global Custodial Bank Services

Bid Information

Bid Alert No: 00000472111

Bid Title: Global Custodial Bank Services

Agency Bid No. Title: 21160111152732

Received Date: 01/28/2016

Close Date: 02/12/2016

Purchase Type: Term:

Delivery Point: Philadelphia, Pennsylvania

Delivery Date: Not Stated


Specifications include, but are not limited to: A. Project DetailsThis RFP is being issued in order to solicit proposals from one or more qualified firms to provideglobal custodian banking services to the Philadelphia Board of Pensions and Retirement (PBPR).The current global custodian bank is welcome to rebid. The services desired include, but are notlimited to global custodian banking services.B. ServicesThe Board requires the following service: global custodial bank. Applicants proposed scope ofwork should state in detail how it will provide this service, including the personnel/job titles (asidentified in Section G, Organizational and Personnel Requirements) responsible for providingthis service. Applicants may propose specific tasks and activities, but should explain why each isnecessary to achieve the project objectives.C. Monitoring; SecurityBy submission of a proposal in response to this RFP, the Applicant agrees that it will comply withall contract monitoring and evaluation activities undertaken by the City of Philadelphia, and withall security policies and requirements of the City. Performance will be monitored on an ongoingbasis by the Board, the Investment Staff and the Boards Consultant in accordance with theperformance standards detailed in the Master Custody Agreement.D. Reporting RequirementsThe selected firm(s) will be required to provide monthly, quarterly and annual reporting. The typeof reports required will be detailed within the Master Custody Agreement.The successful Applicant shall report to the City of Philadelphia on a regular basis regarding thestatus of the project and its progress in providing the contracted services and/or products. At aminimum, the successful Applicant shall submit a monthly invoice detailing the services and/orproducts provided, the goals/tasks accomplished, and the associated costs. If hourly rates arecharged, the invoice must also detail the number of hours, the hourly rate, and the individual whoperformed the service.E. Specific Performance StandardsThe City expects that the contract resulting from this RFP will include performance and qualitystandards for the project.The selected firm(s) will be expected to produce performance that exceeds the applicablebenchmark, net of fees, and the peer group median, over a market cycle. Specific performancestandards, if applicable, will be detailed within the Master Custody Agreement.The City reserves the right to reject any item of work that does not meet the Departments minimmstandards of performance and quality, or that does not conform to the contract scope of work. TheCity shall not be obligated to pay for rejected work.

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Product Code: 94625

Agency Information

Issuing Agency: City of Philadelphia

State: Pennsylvania

Agency Type: State and Local

Contact: Brad Woolworth, Private Markets and Real Assets




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