What the buyer needs
AI summaryThe Long Island Power Authority (LIPA) seeks qualified firms to provide revolving credit agreements and a $200 million capacity commitment. Only onshore organizations in the United States are eligible to bid, and performance of the work will be offsite. Proposers must upload RFP submissions electronically to https://lipower.bonfirehub.com, with the cost portion in a separate file from the technical proposal. Respondents must send Notices of Intent via email to [email protected] and submit all written questions through the Bonfire platform no later than November 12, 2026. A Selection Committee of LIPA staff will evaluate proposals based on total net cost (45 points), overall credit quality (20 points), conciseness and clarity of response (15 points), terms and conditions (10 points), and diversity practices (10 points).
Scope of work
- Provide revolving credit agreements with a $200 million capacity commitment
- Replace LIPA's existing $200,000,000 revolving credit facility expiring March 15, 2027
- Provide pricing quotes for three, four, or five-year terms
- Act as agent if multiple banks are selected by LIPA
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| The overall credit quality of the Firm providing the credit facility | 20 points |
| The total net cost of the Credit Agreement, including all fees and expenses | 45 points |
| The nature and extent of exceptions taken to LIPA's terms and conditions | 10 points |
| Overall organization, completeness, and quality of proposal | 15 points |
| The proposer's overall diversity and commitment to equal opportunity programs | 10 points |
Minimum qualifications
- Must be a financial institution (Firm or Bank)
- Willingness to provide the $200 million capacity commitment
- Joint syndicate proposals will not be accepted
Documents to include with your response
- Cover Letter
- MWBE 100 EEO Policy Statement
- MWBE 101 Staffing Plan
- MWBE 103 Utilization Plan
- Diversity Practices Questionnaire
- SDVOB 100 Utilization Plan (or SDVOB 200 Waiver Form, if applicable)
- AC3290 Vendor Responsibility Questionnaire
- Contingent Fee Certification
- MacBride Fair Employment Principles
- Non-Collusive Bidding Certification
How to submit
- Method
- Electronic via Bonfire e-Procurement platform
- Instructions
- Upload electronically to https://lipower.bonfirehub.com. Hard copy proposals will not be accepted. Technical and cost proposals must be in two separate files.