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Identification

Reference Number: 22039584
Request ID:16-100500
Date First Offered10/17/2016
Title:THA - 16-0040 Municipal Advisor Services

Agency Reference Number:THA - 16-100500
Agency:THA - Toll Highway Authority
Purchasing Agency:THA - Toll Highway Authority
Purchasing Agency SPO:Victoria Santiago

Status: Closed

Overview

Description and Specifications:
The Illinois Tollway is giving notice of intent to award contract 16-0040 Municipal Advisor Services to the following Vendors:
1) Hilltop Securities, Inc.-Award Amount- $525,00.00
The initial term of the contract shall not exceed $630,000.00 without a formal change order.

2) PFM Financial Advisors, LLC-Award Amount- $225,000.00
The initial term of the contract shall not exceed $270,000.00 without a formal change order.

Hilltop Securities, Inc. is recommended to serve as Municipal Advisor for bond transactions and other services requested by the RFP, and PFM Financial Advisors LLC is recommended to serve as Municipal Advisor with respect to derivative transactions (aka swaps or hedge agreements).

This contract has a BEP goal of 13%. Hilltop Securities, Inc. has BEP commitment of 20%. PFM Financial Advisors, LLC has BEP commitment of 13%.

The start date is an estimate and will start upon execution of the contract.

Key Information

Notice Type:Contract Award Notice

Published:02/23/2017
Notice Expiration Date:06/14/2017

Professional & Artistic:No
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:Yes

Does this solicitation contain a Veteran requirement?:No

Relevant Category:General Services

Total Amount of Award:$1,250,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:
Length of Initial Term:36
Contract Begin Date:04/01/2017
Contract End Date:03/30/2020
Renewal Terms:2

Bidder(s)


Number of Responding Bidders:7
Number of Unsuccessful Bidders:5
Total Number Awarded:2

Listing of All Bidders/Offerors Considered But Not Selected:
1. Acacia Financial Group, Inc.
2. Columbia Capital Management, LLC
3. Public Resources Advisory Group
4. Sycamore Advisors, LLC
5. TKG & Associates, LLC
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
PFM Financial Advisors, LLC$375,000.0013%0%
Hilltop Securities Inc.$875,000.0020%0%

Notice Contact
Name: Desiree Lilberti
Street Address:2700 Ogden Ave.
City:Downers Grove
State:IL
Zip Code:60515
Phone: 630-241-6800
Fax Number:630-505-9270
EMail Address:Desiree.Liberti@getipass.com

Class Code

Class Codes:

NIGP Code

NIGP Commodity/Service Code:918 49 Finance/Economics Consulting
946 00 FINANCIAL SERVICES - All
946 25 Banking Services
946 48 Financial Advisor


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