and not available for public disclosure, the Vendor shall declare in the Transmittal Letter [see Section 60.6 (A)] the inclusion of proprietary information and shall noticeably label as proprietary each sheet containing such information. Proprietary information shall be submitted under separate sealed cover marked "Proprietary Data". Proposals containing information declared by the Vendor to be proprietary, either in whole or in part, outside the areas listed above may be deemed non-responsive to the RFP and may be rejected.

30.31 Contract Claims

The Parties acknowledge that KRS 45A.225 to 45A.290 governs contract claims.

30.32 Limitation of Liability

The liability of the University related to contractual damages is set forth in KRS 45A.245.

SECTION 40 – SCOPE OF WORK

40.1 Term of Contract and Renewal Options

Upon vendor selection and contract award, the University shall issue a Purchase Order Contract for a term beginning upon award and submission to the Government Contract Review Committee, anticipated prior to 8/1/2024, and expiration 6/30/2026 with four (4) Optional two-year (2) renewal periods

40.2 Scope of Work

The University desires to contract for Investment Management Services. The Investment Management Consultant will be required to oversee management of the funds in accordance with the laws of the Commonwealth of Kentucky and adhere to the Investment Policy approved by the Board of Regents of the University. The size of the University's projected investment portfolio is approximately $22 million. The services to be performed are as follows:

• A.Assessment of Endowment investment requirements to include investment objectives, spending or asset to liability policies, time requirements and risk tolerance, liquidity needs, and targeted surpluses and reserves.
• B.Possible guidance in the future in the development of the Endowment Investment Policy and Guidelines to include statement of purpose, definition of roles and responsibilities, establish investment objectives and goals, develop asset allocation, establish investment guidelines and portfolio limitations, and define process for performance monitoring and rebalancing.
• C.Design an Asset Allocation model based on historic analysis and projected future trends. Provide discretionary active management of the Endowment's portfolio.
• D.On a regular basis, monitor portfolio progress of investment portfolios and provide performance reports to Board.
• E.Continuously review the investment strategy and make recommendations to 4 adjust portfolio based on changes in market conditions and other relevant factors and/or propose revisions to investment policy.