Municipal Advisory Services and Annual Derivative Valuation Report

Project Title
Municipal Advisory Services and Annual Derivative Valuation Report

Invitation #
RFP 2122-01

Bid Posting Date
12/08/2021 12:28 PM (PST)

Project Stage
Bidding

Bid Due Date
02/01/2022 11:00 AM (PST)

Response Format
Paper

Project Type
RFP (Request for Proposal)

Response Types
Response File

Type of Award
Lump Sum

Categories
91800 - Consulting Services
91804 - Accounting/Auditing/Budget Consulting
91820 - Business Consulting, Small
91875 - Management Consulting
94620 - Auditing
95800 - Management Services
95816 - Business Management Services
96100 - Miscellaneous Services, No. 1 (Not Otherwise Classified)
96200 - Miscellaneous Services, No. 2 (Not Otherwise Classified)
20911 - Accounting/Financial: Bookkeeping, Billing And Invoicing, Budgeting, Payroll, Taxes, Etc.

License Requirements


Department
Finance

Address
1010 10th Street
Modesto, California

County
Stanislaus

Bid Valid


Liquidated Damages


Estimated Bid Value


Start/Delivery Date


Project Duration


Bid Bond

Bid Bond
0.00%

Payment Bond
0.00%

Performance Bond
0.00%

Pre-Bid Meeting Information

Pre-Bid Meeting
No

Online Q&A

Online Q&A
No

Contact Information

Contact Info
Dianne Love 209-571-5164
dlove@modestogov.com

Bids to
City Clerk, City of Modesto, P.O. Box 642, Modesto, CA 95353

Owner's Agent


Description

Scope of Services
The City of Modesto may issue bonds or refund bonds based on the financing needs of the City which will benefit the City’s debt financing portfolio strategy. The City utilizes a municipal advisory services company to assist in monitoring the City’s debt portfolio in a fiduciary capacity. The selected consultant will assist the City in identifying the best financing strategies to optimize the lowest financing cost based on the guidelines defined under the City’s Debt Management Policy and Federal/State statutes. In addition, the selected consultant will provide annual derivative valuation reports to meet the financial statement requirements under Government Accounting Standards Board (GASB) 53 and 72.

Other Details


Notes


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