Agency Investment Board

Contractor Principal Bank

SWIFT Contract Number 209889

Project Name Custodial Trust Agreement - State Assets

Project Number (if applicable) {Empty}

Summarize purpose of the contract, including why it was necessary: Custodian contract for the State assets managed by MN SBI. Principal bank took over from Wells Fargo through a sale of the custodial banking business to Principal Bank.

Project Duration

Start Date Tue, 02/22/2022 - 00:00

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

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

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $635000

Amendments $0

Contract total $36466.72

Did project finish within budget? Yes

What was the funding source? 2000 Fund - Dedicated Receipts

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)

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. M

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