What the buyer needs
AI summaryThe government authority located in Fairfield, NJ requires an onshore USA vendor to provide financial advisor services offsite. The selected vendor must advise and assist the authority with debt financings and other financial issues, including credit structures, maturity schedules, call provisions, and the selection of underwriters. Additional duties include reviewing legal documents, examining debt financing alternatives, preparing official statements, and reviewing security creditworthiness. Only onshore USA organizations are eligible to bid on this contract. The authority seeks proposals for the budget and performs the work offsite. The provided text contains no further details regarding submission methods, deadlines, evaluation criteria, or the contract term.
Scope of work
- Assistance in determining the amount, size, and timing of borrowings
- Assistance in formulating credit structure, maturity schedule, and call provisions
- Review of necessary legal documents concerning debt transactions
- Examination of debt financing alternatives, including variable rate debt and derivative products
- Preparation of official statements and Local Finance Board applications
- Preparation and presentation of information to bond rating agencies and credit enhancement institutions
- Coordination of bond registration, printing, settlement, and delivery of bonds and notes
- Assistance in selecting and negotiating with investment banks for underwriting services
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Registration with the Securities and Exchange Commission and Municipal Securities Rulemaking Board | Not specified |
| Experience and reputation in the field | Not specified |
| Ability and availability to accommodate the financial needs of the Authority | Not specified |
| Responsiveness to the RFQ | Not specified |
| Other factors determined to be in the best interest of the Authority | Not specified |
Minimum qualifications
- Registration with the Securities and Exchange Commission (SEC)
- Registration with the Municipal Securities Rulemaking Board (MSRB)
- Must accept in writing that the firm will not serve as an underwriter for ECIA bonds/notes while on the Qualified List
- Prohibited from having any financial interest in any underwriting firm serving the Authority while on the Qualified List
- Onshore (USA Organization Only)
Documents to include with your response
- Statement of Qualifications responding to all numbered items in Section VI
- Evidence of registration with SEC and MSRB
- Written acceptance/acknowledgment of exclusion from underwriting role
- Resumes of individuals providing services, indicating the Team Manager
- Summary of financial advisor experience since January 1, 2022
- Copy of most recent filing of employee information report with NJ Division of Contract Compliance & Equal Employment Opportunity
- Details of insurance coverage including carriers, policy numbers, and coverage amounts
- Hourly fee schedule for professionals
- Signed signature page from RFQ
How to submit
- Method
- Electronic via the agency portal
- Instructions
- Submit one (1) copy via ECIA's Purchasing Portal at www.eciaprocure.org and email confirmation to Betsy Williamson.