Investment Banking Underwriting Services

Agency: Airports Council International
State: District of Columbia
Level of Government: State & Local
Category:
  • Q - Medical Services
  • Z - Maintenance, Repair or Alteration of Real Property
Opps ID: NBD15407806594523790
Posted Date: Jan 11, 2021
Due Date: Jan 29, 2021
Source: Members Only
The Port of Portland is soliciting proposals from experienced firms capable of providing Investment Banking Underwriting Services to the Port. The Port intends to engage one or more Providers to serve as part of its Investment Banking/Underwriting Pool.
Submission Deadline: January 29, 2021
Submitting Organization: Port of Portland (Oregon)
Investment Banking Underwriting Services

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REQUEST FOR PROPOSALS
Investment Banking Underwriting Services
Solicitation Number 2021-9126
January 8, 2021
PROPOSALS DUE:
NOT LATER THAN 3:00 PM, January 29, 2021
LATE PROPOSALS MAY NOT BE ACCEPTED
Pre-Proposal Meeting:
NOTE: A pre-proposal conference will not be held for this Solicitation.
TABLE OF CONTENTS
1 OVERVIEW
1
1.1 Introduction
1
1.2 Sample Letter of Appointment
1
1.3 RFP Schedule
1
1.4 Single Point of Contact
1
1.5 Background
2
1.6 Scope of Services
2
1.7 Minimum Requirements
2
2 PROPOSAL PROCESS
2
2.1 General
2
2.2 Pre-Proposal Interpretation of Documents
3
2.3 Intergovernmental Cooperative Purchasing
3
2.4 Public Disclosure of Proposals
4
2.5 Electronic Submission of Proposals
5
2.6 Protests
6
3 PROPOSAL STRUCTURE CONTENT AND EVALUATION CRITERIA
7
3.1 Preparation
7
3.2 Format
8
4 PROPOSAL CONTENT AND EVALUATION CRITERIA
8
4.1 Qualifications of Provider – Weight 45
8
4.2 Project Approach: Answers to Questions – Weight 35
9
4.3 Small Business Enterprise Program - Weight 15
10
4.4 Social Equity Program – Weight 5
11
5 EVALUATION PROCEDURES
12
Solicitation Number 2021-9126
5.1 Competitive Range
12
5.2 Evaluation Team Members
12
5.3 Presentations, Demonstrations, Interviews
12
SCHEDULES
1.2 Sample Letter of Appointment
1.6 Scope of Services
2.4.3 Certification of Trade Secret
3.2.1 Proposal Form
Solicitation Number 2021-9126
1 OVERVIEW
1.1 Introduction
The Port of Portland (the Port) is soliciting proposals from experienced firms (the Provider
or Providers) capable of providing Investment Banking Underwriting Services to the Port.
The Port intends to engage one or more Providers to serve as part of its Investment
Banking/Underwriting Pool.
The selected Providers will be engaged via a Letter of Appointment, attached as Schedule
1.2, for an initial term of three years. At the Port’s sole option, the Letter of Appointment
may be extended for two additional one-year terms.
The Port intends to engage one or more of the Providers in its Investment
Banking/Underwriting Pool for its upcoming financings, however the Port reserves the
right to undertake financings by other means and receiving a Letter of Appointment does
not guarantee participation in any future Port financing.
1.2 Sample Letter of Appointment
Provided acceptable proposals are received, the Port intends to enter into one or more
Letters of Appointment based on this RFP.
1.3 RFP Schedule
Deadlines
The following schedule is tentative and subject to change at the Port’s sole discretion:
January 8, 2021
Issuance of RFP to prospective Providers
January 22, 2021
5 p.m. deadline for Questions and Answers (Q&A)
January 29, 2021
3 p.m. deadline for receipt of proposals
March 8, 2021
Presentations/interviews (2-week period)
March 22, 2021
Selection of apparent successful Provider announced
March 29, 2021
Award protest period ends
April 1, 2021
Appointment begins (approx.)
1.4 Single Point of Contact
Nicole Murphy-Garcia, Senior Procurement Specialist, is the solicitation manager for this
RFP and is the Single Point of Contact (SPC) for Providers during the RFP process (refer
to Section 2.1.4 for information on questions). Contact with other Port employees,
officials, or representatives regarding this RFP, including without limitation any attempt to
influence a member of the evaluation team (refer to Sections 2, and 4 below for
information on the evaluation team), is prohibited. Such conduct by a Provider will be
grounds for immediate rejection of its proposal.
Solicitation Number 2021-9126
Page 1 of 12
1.5 Background
The Port owns four marine terminals, Portland International Airport (PDX), two general
aviation airports, several industrial parks and the Dredge Oregon. The Port’s aviation
capital program totals approximately $2.4 billion through Fiscal Year 2027. A summary
of some of the major components of the aviation capital program can be found in the
recently published Series 27 Official Statement. The Port currently has a $300M
Commercial Paper Program available to provide interim funding for PDX’s capital plan.
Approximately $1.1 billion of PDX’s aviation capital program is anticipated to be financed
with airport revenue bonds. No additional Customer Facility Charge (CFC) or Passenger
Facility Charge (PFC) Revenue Bonds are expected to be issued to support PDX’s capital
program.
The Port’s Strategic Plan, Audited Financial Statements, Bond Ordinances, Official
Statements and other debt-related information are available on the
Port’s website
at https://www.portofportland.com/FinanceAndStatistics.
1.6 Scope of Services
See Schedule 1.6 for the full scope of services.
1.7 Minimum Requirements
All respondents must hold all licenses and registrations required by applicable
federal and state laws for businesses offering underwriting or investment banking
services.
All applicable licenses and registrations must be current and in good standing with
the following:
The U.S. Securities and Exchange Commission (SEC);
The Financial Industry Regulatory Authority (FINRA); and
The Municipal Securities Rulemaking Board (MSRB).
All respondents must have served as a Senior Manager or Co-manager on at least
one airport revenue bond transaction, with a total par amount of $50 million or greater,
since January 1, 2018.
All respondents that serve as Co-Manager on Port financing transactions must
maintain minimum net capital of at least $1,000,000.
All respondents that serve as Senior Manager on Port financing transactions must
maintain minimum net capital of at least $5,000,000.
2 PROPOSAL PROCESS
2.1 General
Evaluation
Proposals will be evaluated by a Port evaluation team. The evaluation will be in
Solicitation Number 2021-9126
Page 2 of 12
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