City of Salem - Independent Registered Municipal Advisor (IRMA) Services - RFP No. 267033 (2026)
City of SalemCity · Salem, OR- Due
- May 29, 2026
- Deadline passed
- Posted
- Apr 15, 2026
- Contract term
- 10 years
- Primary contact
- Shawna Self
- (503) 588-6445
The 30-second brief
The City of Salem Finance Department is seeking proposals from qualified firms for Independent Registered Municipal Advisor (IRMA) services to assist with financial analysis, debt financing, structuring and placement of debt-financed projects, general market conditions, refunding bonds, public offerings, negotiated sales, and direct bank loans. The selected IRMA will advise on revenue sources, budgetary practices, debt service scenarios, capital improvement plans, and credit ratings (Moody's Aa2). The contract has an initial term of one year with nine potential one-year renewal options for a total term of ten years. Proposals are due by May 29, 2026, at 4:00 PM local time via Equity Hub's Bid Locker. Questions and clarifications are due by May 1, 2026. Required minimum qualifications include SEC registration as an IRMA, Oregon municipal advisory licensing, MSRB G37 compliance, and serving as primary advisor to at least 10 local or regional government issuers within the past 5 years.
Cover Letter: 5, Organization and Qualifications: 30, Fee Proposal: 30, References: 25, Appendices: 10
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Summary
The City of Salem Finance Department is seeking proposals from qualified firms for Independent Registered Municipal Advisor (IRMA) services to assist with financial analysis, debt financing, structuring and placement of debt-financed projects, general market conditions, refunding bonds, public offerings, negotiated sales, and direct bank loans.
The selected IRMA will advise on revenue sources, budgetary practices, debt service scenarios, capital improvement plans, and credit ratings (Moody's Aa2). The contract has an initial term of one year with nine potential one-year renewal options for a total term of ten years. Proposals are due by May 29, 2026, at 4:00 PM local time via Equity Hub's Bid Locker. Questions and clarifications are due by May 1, 2026. Required minimum qualifications include SEC registration as an IRMA, Oregon municipal advisory licensing, MSRB G37 compliance, and serving as primary advisor to at least 10 local or regional government issuers within the past 5 years.
EVALUATION CRITERIA
5- Cover Letter: 5
- Organization and Qualifications: 30
- Fee Proposal: 30
- References: 25
- Appendices: 10
REQUIRED ATTACHMENTS
5- Cover Letter
- Organization and Qualifications
- Fee Proposal
- References
- Appendices
- Submit to
- https://bidlocker.us/a/salem_or/BidLocker
- Duration
- 120 months
- Scope location
- Salem, OR
Questions about this RFP
How do I respond to this RFP from City of Salem?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is May 29, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: https://bidlocker.us/a/salem_or/BidLocker. For questions, contact Shawna Self.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Salem in OR, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Shawna Self at (503) 588-6445. Questions and answers are typically shared with all prospective bidders.
Show 5 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Cover Letter: 5, Organization and Qualifications: 30, Fee Proposal: 30, References: 25, Appendices: 10" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Salem?
All active and historical solicitations from City of Salem are tracked and searchable. As a city agency, City of Salem regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 10 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Cover Letter, Organization and Qualifications, Fee Proposal, References, Appendices. Review the full document from City of Salem for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Salem, OR. Review the full solicitation for detailed scope requirements.