Banking and Investment Services
Overview
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SUMMARY
KEY REQUIREMENTS
BUDGET
VerifiedCONTRACT DURATION
TIMELINE
Release Date: August 6th, 2026
Due Date: August 27th, 2026
Issuing Agency
County Of Ocean
DESCRIPTION
The government authority in Toms River, New Jersey, is seeking banking and investment services for the management of its assets. The selected provider will direct investments and, when appropriate, the sale and reinvestment of assets under management.
Responsibilities include placing orders for the purchase, sale, and exchange of portfolio securities; providing instructions to the custodian for the delivery or receipt of cash and securities; independently confirming securities transactions to the authority and custodian bank; and monitoring the creditworthiness of all investments under management.
The provider will deliver monthly statements of investment activity, reconcile those statements with custodian bank records, and provide monthly reports covering interest earnings, investment performance, and the market value of investments. Investments must comply with applicable fair market value or safe harbor requirements under arbitrage rebate regulations. The provider will also coordinate with the custodian bank and the authority regarding investment activity, securities delivery, and the availability of funds for drawdown requirements.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due August 27, 2026.
- What is the budget for this RFP?
- The published budget is $52,025,000.
- Who issued this RFP?
- It was issued by County Of Ocean. The work is located in Toms River, New Jersey, United States.
- Who is a good fit for this opportunity?
- Banking or investment management firm with public-sector experience
- Expertise in government portfolio management and arbitrage rebate compliance
- Proven capabilities in securities transactions, custody coordination, and investment reporting
- Strong credit analysis, performance monitoring, and regulatory compliance processes
- Ability to provide consistent monthly statements and financial reports
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.