Specifications include, but are not limited to: 1. The Investment Consulting firm shall act as Custodian of pension assets and Fiduciary Services Provider. 2. The consultant shall provide qualitative analysis for each of the Plans’ managers or funds including ongoing reviews of the funds organization, portfolio management, research and operations staff, investment philosophy, buy/sell decision making and implementation capabilities. 3. On a monthly, quarterly and annual basis the consultant shall provide performance analysis, including performance of individual investment managers as well as the aggregate of all asset classes. The analysis shall include an analysis of returns, comparison to applicable benchmarks and such other matters as the Trustees shall request. 4. The consultant shall perform daily monitoring of managers, identify performance or personnel issues, contact managers to discuss any issue identified, and provide advice to include recommendations concerning manager probation and termination, in accordance with the Pension Investment Policy. 5. The consultant shall serve as a liaison with the managers and conduct any required negotiations necessary including but not limited to fee structure. 6. The consultant shall understand and comply with the Pension Investment Policy, review the current investment policy on a regular basis and make appropriate recommendations for changes. 7. The consultant shall attend the monthly investment review meetings of the Trustees and any sub-committee meetings. Occasionally special meetings will also require attendance.