Philadelphia Parking Authority Bond Underwriters RFP No. 24-29
Philadelphia Parking Authority, Philadelphia, PA·Special District
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- Primary Contact
- William Howarth · (212) 715-3309
- Scope Location
- Philadelphia, PA
- Submission Address
- 701 Market Street, Suite 5400, Philadelphia, PA 19106
SUMMARY
The Philadelphia Parking Authority is soliciting proposals for bond underwriting services for an anticipated 2025 bond issuance, including a $100M-$120M project for a new parking garage. Proposals were due in November 2024.
EVALUATION CRITERIA
Firm history, M/W/DSBE status, public finance experience, technical understanding of PPA financials, sales capabilities, fee proposal
REQUIRED DELIVERABLES
Cover Letter, Firm Qualifications, Experience, Technical Response, References, Proposal Form, Underwriting Fee, Insurance Requirements, Disclosure of Legal Actions
REQUIRED ATTACHMENTS
Appendix A - Biographies of Assigned Personnel, Appendix B - Bond Holder Analysis, Certificate of Liability Insurance
REQUIRED STAFFING ROLES
Lead Banker, Head of Public Finance, Lead Underwriter, Head of Municipal Sales, Lead Analyst, Analyst
This was decided in a budget meeting long before the RFP was public. Civic IQ had it then. The next one doesn't have to get away.
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 William Howarth.
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 history, M/W/DSBE status, public finance experience, technical understanding of PPA financials, sales capabilities, fee proposal" 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: Appendix A - Biographies of Assigned Personnel, Appendix B - Bond Holder Analysis, Certificate of Liability 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 William Howarth at (212) 715-3309. 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: Lead Banker, Head of Public Finance, Lead Underwriter, Head of Municipal Sales, Lead Analyst, Analyst. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Cover Letter, Firm Qualifications, Experience, Technical Response, References, Proposal Form, Underwriting Fee, Insurance Requirements, Disclosure of Legal Actions. Proposals should clearly address how each deliverable will be met.
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