Philadelphia Parking Authority Bond Underwriters RFP No. 24-29 - 2024
Philadelphia Parking Authority, Philadelphia, PA·Special District
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- Primary Contact
- Roscoe Murphy · (215) 665-6038
- Scope Location
- Philadelphia, PA
- Submission Address
- 701 Market Street, Suite 5400, Philadelphia, PA 19106
SUMMARY
The Philadelphia Parking Authority (PPA) is soliciting proposals for bond underwriting services under RFP No. 24-29. The scope of work includes providing investment banking and underwriting services for a proposed $100M-$120M new money bond issuance. Key requirements include firm qualifications, technical responses regarding credit structure enhancements (such as transitioning to an Authority-wide net revenue pledge and increasing DSCR requirements to 1.50x), and marketing strategies to target institutional and retail investors. The solicitation also requires disclosure of legal actions, insurance certificates (General Liability, Auto, Workers Comp), and participation in Small Diverse Business initiatives. Proposals were due by November 20, 2024.
EVALUATION CRITERIA
Firm history, M/W/DSBE status, commitment to public finance, technical expertise, underwriting fee, capital position
REQUIRED DELIVERABLES
Cover Letter, Firm Qualifications, Technical Response, References, Proposal Form, Underwriting Fee Breakdown, Insurance Requirements, Disclosure of Legal Actions
REQUIRED ATTACHMENTS
SEC Municipal Advisor Disclosure, Financing Team Resumes, Pennsylvania Underwriting Experience, Capital Commitment Case Studies, Parking Revenue Bonds Investor Analysis, Proposal Forms, Insurance Requirements
REQUIRED STAFFING ROLES
Managing Director, Vice President, Analyst, Head of Muni Sales, Head of Underwriting, Lead Underwriter
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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 Roscoe Murphy.
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, commitment to public finance, technical expertise, underwriting fee, capital position" 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: SEC Municipal Advisor Disclosure, Financing Team Resumes, Pennsylvania Underwriting Experience, Capital Commitment Case Studies, Parking Revenue Bonds Investor Analysis, Proposal Forms, Insurance Requ. 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 Roscoe Murphy at (215) 665-6038. 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: Managing Director, Vice President, Analyst, Head of Muni Sales, Head of Underwriting, Lead Underwriter. 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, Technical Response, References, Proposal Form, Underwriting Fee Breakdown, Insurance Requirements, Disclosure of Legal Actions. Proposals should clearly address how each deliverable will be met.
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