Tampa (Fla.) General Employees Pension Fund will search for an investment consultant this fall, said Natasha Wiederholt, pension plan supervisor, in an email.
The $710 million pension fund will issue the RFP due to the pending expiration of current consultant Asset Consulting Group's contract on March 31, 2018. The firm will be invited to rebid.
The contract originally expired on March 31, 2015, and has been renewed yearly on an automatic basis since then.
"We feel it is a best practice to go out to bid as our consultant contracts expire or come up for renewal to ensure we receive the highest quality of services for the price we are paying," Ms. Wiederholt said.
A timeline for the RFP has yet to be determined.
The RFP will appear on the DemandStar procurement website. Registration is required.