DOCUMENT

RFP - Financial Advisory Services 2007

  • YEAR CREATED: 2007
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: RFP - Request for Proposals
This document is a Request for Proposals (RFP) for Financial Advisory Services by the City of Newport News. The purpose of the RFP is to find a firm that can provide financial advisory services to the city in various areas. The services include coordinating with bond counsel, assisting in developing information for bond rating services, arranging for printing and distribution of official statements and bid forms, coordinating advertisement of bond and note sales, advising on timing of sales, evaluating bids, coordinating delivery of bonds and notes, providing advice on investment of proceeds, monitoring market conditions, providing expert witness services, making recommendations to maintain or improve credit ratings, recommending actions to improve financial condition, assisting in the review and adoption of policies related to interest rate swaps and derivative transactions, and more. The proposal package should include information about the firm's experience, resumes of key personnel, availability of key personnel, professional liability insurance coverage, an employment profile, and a statement on how small, minority, or female-owned firms will be utilized. The proposals will be evaluated based on the experience and qualifications of the individuals assigned, the firm's experience and resources, accessibility to city staff, and commitment to equal opportunities and minority business participation. It is important to note that once the selection process is formally terminated, negotiations may not be reopened with any offeror. Firms scheduled for interviews may be required to provide additional information or clarification. The selection process will follow the "Contracting for professional services" method outlined in the Code of Newport News.
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