Investment Safekeeping Services

Overview

Financial, Legal, HR & Staffing

Friendswood, Texas, United StatesPosted 13 days agoDeadline: May 26th, 2026

Fit Score

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SUMMARY

The City of Friendswood, Texas is soliciting proposals for a four-year contract to provide investment safekeeping services for its municipal portfolio.

KEY REQUIREMENTS

Must provide one printed and bound RFP, required attachments, and fee schedule
Must provide one complete copy of the RFP as a PDF file on a USB Flash Drive
Must include the financial institution name in the name of the PDF file
Must be able to comply with Chapter 2256, Texas Government Code, Public Funds Investment Act
Must be able to comply with Chapter 2257, Texas Government Code, Public Funds Collateral Act
Must provide a list of at least three comparable safekeeping relationship references
Must provide a sample of safekeeping reports
Must provide a schedule of securities safekeeping fees
Must designate one relationship manager to coordinate efforts and facilitate interaction

BUDGET

Estimate

$10,000 – $50,000

CONTRACT DURATION

48 months

TIMELINE

April 22nd, 2026: RFP available to prospective financial institutions

May 6th, 2026: Deadline for questions/requests for additional information

May 13th, 2026: Deadline for City responses to questions

May 26th, 2026: Responses due to the City Secretary by 2:00 P.M.

July 6th, 2026: Anticipated City Council consideration of award

August 1st, 2026: New Safekeeping Services contract period begins

QUESTION DEADLINE

May 6th, 2026

Issuing Agency

City Of Friendswood

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DESCRIPTION

The City of Friendswood, Texas, is seeking a qualified vendor to provide investment safekeeping services for its municipal investment portfolio. The selected provider will be responsible for the secure custody and safekeeping of the City's investments, ensuring compliance with all applicable regulations and internal policies.

This engagement will span a four-year contract period. For reference, the City has included its most recent quarterly investment report, which details current holdings and recent transaction activity. Interested vendors must submit all questions regarding the RFP by May 6, 2026.

The successful company will demonstrate experience in providing safekeeping services to government entities and maintain rigorous security and reporting standards for investment portfolios.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.