Philadelphia Parking Authority Bond Underwriter Services RFP No. 24-29 - Jefferson Garage Development
Philadelphia Parking Authority, Philadelphia, PA·Special District
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- Reported Agency
- The Philadelphia Parking Authority
- Primary Contact
- Shannon Stewart
- Contract Term
- 30-year debt service level (for bond issuance); ongoing financial advisor services on an as-needed basis years
- Scope Location
- Philadelphia, PA
- Submission Address
- 701 Market Street, Suite 5400, Philadelphia, PA 19106
SUMMARY
The Philadelphia Parking Authority (the Authority) is requesting proposals from investment banking firms to serve as underwriter for a 2025 bond issuance of approximately $100-$120 million in new money at a 30-year debt service level. The proceeds will fund the Jefferson Garage Development, involving the demolition of an existing parking structure and construction of a new one. Services include senior or co-management of the transaction, marketing, investor relations, rating agency presentations, and distribution of bonds. Offerors must register prior to downloading the RFP. Proposals are due by 1:00 PM on November 20, 2024 (extended via Addendum One). Evaluation criteria include qualifications (40%), technical response/past performance (40%), responsiveness (10%), and Small Diverse Business participation (10%).
EVALUATION CRITERIA
Responsiveness (10%), Qualification/Experience/Expertise (40%), Technical Response/Reference Feedback/Past Performance (40%), Small Diverse Business participation (10%)
REQUIRED DELIVERABLES
Tab A - Cover Letter, Tab B - Firm Qualifications, Tab C - Experience, Tab D - Technical Response, Tab E - References, Tab F - Proposal Form, Tab G - Underwriting Fee, Tab H - Insurance Requirements, Tab I - Additional Information, Tab J - Disclosure of Legal Actions
REQUIRED ATTACHMENTS
Offeror Registration Form, Appendix A (Proposal Form), Appendix B (Insurance Requirements), Sample Certificate of Insurance
REQUIRED STAFFING ROLES
investment banking team, underwriting, marketing, sales, analytical professionals
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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 Shannon Stewart.
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Responsiveness (10%), Qualification/Experience/Expertise (40%), Technical Response/Reference Feedback/Past Performance (40%), Small Diverse Business participation (10%)" 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 is the contract term for this solicitation?
The anticipated contract term is 30-year debt service level (for bond issuance); ongoing financial advisor services on an as-needed basis 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: Offeror Registration Form, Appendix A (Proposal Form), Appendix B (Insurance Requirements), Sample Certificate of Insurance. Additionally, proposals should address staffing requirements as outlined in the solicitation. 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 Shannon Stewart. 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 staffing is required for this project?
This solicitation outlines specific staffing requirements. The required roles include: investment banking team, underwriting, marketing, sales, analytical professionals. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Tab A - Cover Letter, Tab B - Firm Qualifications, Tab C - Experience, Tab D - Technical Response, Tab E - References, Tab F - Proposal Form, Tab G - Underwriting Fee, Tab H - Insurance Requirements, Tab I - Additional Information, Tab J - Disclosure of Legal Actions. Proposals should clearly address how each deliverable will be met.
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