ID: INV2026
Title: Investment Management Services
Bid Start Date : Oct. 2, 2026, midnight
BidEnd Date: Nov. 16, 2026, 5 p.m.
Status: Open
Active: True
Publication Info: The News Journal 10-02-2026 and 10-09-2026
Submittal Info: Online Upload Only
Description:
The Town of Dewey Beach, Delaware is seeking qualified investment management firms to provide professional investment management services for approximately $7 million in Town funds.
The selected firm will be responsible for managing the Town’s short- and long-term beach replenishment and contingency funds in accordance with the Town’s Investment Policy Implementation Plan, applicable Delaware municipal investment requirements, and the Town’s conservative risk posture.
The Town is seeking a firm with demonstrated experience managing public-sector or similarly structured investment portfolios, including experience with municipalities, beach towns, public institutions, or nonprofit organizations. The selected firm will provide portfolio management, performance monitoring and reporting, investment policy analysis, fee transparency, liquidity management, and ongoing guidance to the Town’s Finance Committee.
RFP Release: October 2, 2026
Questions Due: October 16, 2026
Questions & Answers Posted: October 23, 2026
Proposal Deadline: November 16, 2026
The Finance Committee will review qualified proposals at a public meeting and may make a recommendation to the Town Council. The Town Council will have final approval of any award.
Interested firms are encouraged to review the full RFP packet before submitting a proposal.
Qualifications:
Special Requirements:
Misc. Info:
Public Records and Confidential Information. Proposals submitted in response to this RFP may be subject to disclosure under the Delaware Freedom of Information Act. Respondents should clearly identify and segregate any information they contend is proprietary, confidential, or otherwise exempt from disclosure under applicable law. A designation of an entire proposal, or broad portions thereof, as confidential will not necessarily be accepted by the Town. The Town will determine the applicability of any claimed exemption in accordance with Delaware law.
Contact Person:
Kate Banaszak, Town Clerk
townclerk@townofdeweybeach.com
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