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Revolving Funds Lender’s Counsel Services

Richmond, VirginiaVirginia, USADue Friday, October 30, 2026
Client
Richmond, Virginia
RFP Number
LEGAL-18035
Posted
10/1/2026
Category
Legal Services
Budget
Looking for Proposals
NAICS
—
Set-aside
—
Contact
—

Description

AI Generated

The government authority in Richmond, Virginia, requires a vendor to provide revolving funds lender’s counsel services. The selected contractor must draft loan agreements and grant forms, coordinate with agency staff and borrowers' counsel, prepare or review transaction documents, attend pre-closings, participate in due diligence meetings, and assist in negotiations regarding security provisions. Only United States organizations are eligible to submit proposals for this offsite work opportunity. Vendors must submit their responses digitally via email or online, and all questions require submission by October 16, 2026. The buyer will evaluate incoming proposals to establish a three-year contract term, while the solicitation omits specific budget details and pre-bid meeting dates.

Key solicitation details

AI-extracted from 2026_VRA_Lender_s_Counsel_RFP.pdf. Confirm against the original documents before bidding.

The Virginia Resources Authority (VRA) is soliciting proposals from qualified attorneys in private practice to establish an agreement through competitive negotiations to provide revolving funds lender's counsel legal services. The contract covers various Revolving Funds and conduit loan programs across Virginia. Qualified attorneys in private practice (Offerors) are eligible to submit proposals.

Issued by
Virginia Resources Authority
Questions due
October 16, 2026
Proposals due
October 30, 2026, at 3:00 p.m., EST
How to submit
Electronic via email or Online via eVA
Submission details
Email entire proposal package to [email protected] or submit through eVA. Submit via one method only. Complete and return Page 2 of RFP.
Contract term
Three-and-a-half (3.5) years with two (2) one-year options
Place of performance
Offsite
Insurance and bonding
Professional liability insurance with an insurance company and in an amount acceptable to VRA
Funding
EPA federal funds, state matching funds, state appropriations

How proposals are evaluated

Experience and professional qualifications35
SWaM Qualification10

Scope of work

  • Drafting loan agreements for each transaction and grant forms specific to each program
  • Coordination with VRA staff, borrower general counsel, and bond counsel on loan transaction aspects
  • Negotiation of opinions to be obtained for VRA from borrower general counsel and bond counsel
  • Advise on appropriate covenants for inclusion in agreements between VRA and borrowers
  • Prepare or review resolutions, notices, and other documents required for completing Revolving Funds transactions
  • Attend pre-closing of Revolving Funds transactions
  • Participate as necessary in various meetings with borrowers, financial advisors, consulting engineers, and counsel
  • Assist in and provide advice on negotiations with borrowers on security and other provisions for loans

Minimum qualifications

  • Qualified attorneys in private practice
  • Certify that attorneys assigned are active members in good standing with their respective bars
  • Demonstrated expertise and significant experience serving clients such as governmental entities and authorities
  • Education, experience, knowledge, skill, and qualifications necessary to adequately perform services

Documents to include with the bid

  • Completed Page 2 of RFP
  • Resumes for each person
  • Detailed description of attorney expertise
  • Description of public agency experience and knowledge
  • List of three (3) references from the last five (5) years
  • Attachment A State Corporation Commission Form
  • DSBSD small business certification documentation (if applicable)
  • Proposed fee structure and hourly billing rates

Source and verification

Original source

Craxy AI summarizes this opportunity from the original listing and available solicitation documents. Confirm submission instructions and amendments with the issuing source before responding.

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