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Sound Transit
· Other government entity
· Washington
Investment Advisory Services
PROPOSALS DUE
October 07, 2026, 1:00 pm PDT
Closed
WHAT THEY WANT
(Summarized from the RFP)
Sound Transit, the regional transit authority serving King, Pierce and Snohomish counties, is seeking a registered investment advisory firm to support management of its investment portfolios. The agency is in the middle of a major expansion, with the light rail network growing from 31 to 50 stations over the next three years and new Stride bus rapid transit lines opening by 2027, so the portfolios include construction, escrow and reserve funds associated with bond proceeds as well as operating balances.
DOCUMENT SET
6 documents
· 4MB
Request for Proposals — full solicitation.pdf · 1.2MB
Addendum 1 — questions and answers.pdf · 210KB
Attachment A — scope of work and deliverables.pdf · 480KB
Attachment B — cost proposal form.xlsx · 64KB
Sample agreement and insurance requirements.pdf · 560KB
Pre-proposal meeting — sign-in sheet and slides.pdf · 1.8MB
CHANGES SINCE PUBLISHED
3 changes
▶
CLARIFICATION 1 to Sound Transit RFP No. RP 0093-26.pdf
Q&A
▶
Sound Transit Resolution No. R2018-24 for Asset Liability Management Policy.pdf; Sound Transit 2026 Q2 Asset Liability Management Report.pdf
Document
▶
Pre-Proposal Meeting Presentation for Sound Transit RFP No. RP 0093-26.pdf; Pre-Proposal Meeting Attendees List for Sound Transit RFP No. RP 0093-26.pdf
Notice
WHAT OTHERS ASKED
20 questions answered
▶
Does Sound Transit currently have access to the incumbent provider’s online portal for portfolio monitoring and reporting? If so, what is the additional cost associated with providing or maintaining that access?
Incumbent · Pricing
▶
Is the cost of third-party custody of investment holdings paid directly by Sound Transit? Or, is the cost of third-party custody of investment holdings wrapped into the current provider's fee arrangement?
Pricing
▶
During the pre-proposal meeting, it was stated that managed investments were divided into two portfolios. What is the allocation of the $6.704 billion in Sound Transit Internal investments between the two portfolios and the duration of each portfolio?
Scope/requirements
▶
For pricing proposals, – Are you receptive to receiving tiered, unit pricing based on actual balances? Or, are you only seeking fixed annual fees?
Pricing
▶
Do you currently receive Clearwater Analytics reporting (or another online reporting service) from either your custodian or your investment advisor?
Scope/requirements · Incumbent
▶
What is the frequency and content of reporting received from your custodian?
Scope/requirements
All 20 answers open with a free account.
ABOUT THIS RFP
RFP number
RTA/RP 0093-26
Budget
Not Assigned
Published
Entity type
Other government entity
State
Washington
Summarized from the Sound Transit portal.
HOW TO SUBMIT
Electronic submittals only, sent as PDF by email to matt.orton@soundtransit.org (Contracts Specialist); proposals must be in an ADA-accessible format per Sound Transit's accessible-materials guide, and proposers bear full responsibility for timely electronic delivery. Requests for information and questions go to the same Contracts Specialist in writing. The RFP is posted on Biddingo (Sound Transit's procurement portal), and any Small Business Program forms are submitted through B2Gnow at the time of proposal.
NAICS CODES & TAGS
541990
541611
541219
Investment Management and Portfolio Advisory
Treasury and Cash Management Services
Financial and Tax Advisory Services
ACROSS 539 RFPS
MORE THAN
RFPs changed their terms while active.
25 days is the median window from publication to due date; day 16 is the median first change for the 113 that changed. 539 RFPs published and due: July 23 - Sept. 30, 2026.
Bid on five RFPs, and the odds are better than two in three that at least one changes its terms before the deadline. Larger firms have staff tracking this. Start free and you’ll have it at your fingertips too.
This RFP has closed
Proposals were due October 07, 2026, 1:00 pm PDT. Leads tracks active RFPs from posting to deadline.
