Agency Investment Board

Contractor Wells Fargo Bank

SWIFT Contract Number 144155

Project Name Custodial Trust Agreement - State Assets

Project Number (if applicable) 144155

Summarize purpose of the contract, including why it was necessary: This was a contract for the custodial banking relationship for the investment of State Assets managed by MN SBI. Note, this contract was assigned to Principal Bank as Wells Fargo sold off their custodian banking services division.

Project Duration

Start Date Mon, 01/01/2018 - 00:00

Original end date Sat, 12/31/2022 - 00:00

Actual end date Tue, 02/22/2022 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $635000

Amendments $0

Contract total $502934

Did project finish within budget? Yes

What was the funding source? 2000 Dedicated

Is this a sole source contract? No

If this was a single source contract, explain why the agency determined there was only a single source for the services (if applicable) {Empty}

Evaluator Name Paul Anderson

Evaluator Email Address Paul.anderson@state.mn.us

Evaluate the contractor's timeliness Contractor completed the contract requirements on a timely basis. Contractor's timeliness requirements where on a daily basis.

Evaluate the contractor's quality Contractor completed contract requirements on a daily basis and quality was good.

Evaluate the contractor's cost Contractor costs where within the scope of the contract.

Evaluate the contractor's overall performance Contractor's performance was good and maintained a good working relationship and communication on a daily basis.

Would you engage the contractor's services again? Yes

Describe any negative action taken during the duration of this contract (i.e., termination, pursuit of suspension, etc.): {Empty}

Please rate the overall experience with the contractor 4 - satisfied