Philadelphia Parking Authority Bond Underwriter Services RFP No. 24-29 - 2024
Philadelphia Parking Authority, Philadelphia, PA·Special District
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- Primary Contact
- Natasha Holiday · (212) 618-5637
- Scope Location
- Philadelphia, PA
- Submission Address
- 701 Market Street, Suite 5400, Philadelphia, PA 19106
SUMMARY
The Philadelphia Parking Authority (PPA) is soliciting proposals for a senior managing underwriter to lead an upcoming bond issuance, specifically for the Jefferson Garage Development project. The scope of work includes providing transaction structuring recommendations, expert assistance in crafting a new indenture, developing an effective rating strategy, and executing a targeted investor marketing plan. The project involves issuing $100-$120 million to fund the demolition and construction of a new parking garage at 10th and Ludlow Streets. The underwriter will be responsible for managing the sale of parking system revenue bonds and providing secondary market support. Proposals were due by November 20, 2024, as indicated by the submission date on the cover letter.
EVALUATION CRITERIA
Firm qualifications, experience, technical response, references, underwriting fee
REQUIRED DELIVERABLES
Transaction structuring recommendations, New indenture assistance, Rating strategy, Investor marketing plan, Bond underwriting
REQUIRED ATTACHMENTS
Proposal Form, Insurance Requirements, Summary of Revenue Bonds Outstanding, 2025 Issuance Scenarios Cashflows, Senior Managed and Co-Managed Commonwealth of Pennsylvania and Parking Deal List, Scenarios of Debt Service Coverage Schedule
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Work in government? Get Civic IQ free →Frequently asked questions
Common questions about this solicitation, answered from the record.
How do I respond to this RFP from Philadelphia Parking Authority?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 20, 2024. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 701 Market Street, Suite 5400, Philadelphia, PA 19106. For questions, contact Natasha Holiday.
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Firm qualifications, experience, technical response, references, underwriting fee" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Philadelphia Parking Authority?
All active and historical solicitations from Philadelphia Parking Authority are tracked and searchable. As a special district agency, Philadelphia Parking Authority regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
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: Proposal Form, Insurance Requirements, Summary of Revenue Bonds Outstanding, 2025 Issuance Scenarios Cashflows, Senior Managed and Co-Managed Commonwealth of Pennsylvania and Parking Deal List, Scenar. Review the full document from Philadelphia Parking Authority for the complete list.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Philadelphia Parking Authority in PA, 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 Natasha Holiday at (212) 618-5637. Questions and answers are typically shared with all prospective bidders.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Philadelphia, PA. Review the full solicitation for detailed scope requirements.
What are the key deliverables?
The solicitation specifies the following deliverables: Transaction structuring recommendations, New indenture assistance, Rating strategy, Investor marketing plan, Bond underwriting. Proposals should clearly address how each deliverable will be met.
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