UNSPSC 64111802: Subscription right

Privilege allotted to existing security holders, entitling them to subscribe to new securities at a price normally lower than the prevailing market price

UNSPSC 64111802 Subscription right is a Commodity code covering financial advisory and consulting subscription or retainer arrangements that state and local governments purchase to access ongoing expert advice on debt financing, investment management, financial planning, audit services, and specialized financial analysis. Recent opportunities show jurisdictions using this code to procure standing access to advisory expertise—rather than project-specific engagements—through pre-qualification pools, on-call contracts, and term-based advisory retainers. Issuing bodies span state departments (Michigan, Washington, New Mexico), counties (Sacramento, DeKalb, Clayton, Monroe, Orange County Transportation Authority, Douglas, Gwinnett, Seminole), cities (Phoenix, Milpitas, Albuquerque, St. Cloud, Detroit, Bridgeport, Edinburg, Gainesville), school districts (Pinellas County Schools, DeKalb School District), special districts (Washington State Housing Finance Commission, New Smyrna Beach Utilities, Madison Metropolitan Sewerage District), and other state entities. The mix reflects demand across finance, transportation, housing, utilities, and education sectors.

Representative recent opportunities illustrate the breadth of advisory work. The Michigan Department of Technology, Management, and Budget posted RFP1712600000027462 (due November 4, 2026) seeking a pre-qualified pool of firms to conduct financial examinations of roughly 1,400 Michigan-based insurance companies under NAIC guidelines, with contract terms of three years plus optional renewals and fixed pricing adjusted only for documented cost changes. The City of Phoenix issued an RFQ (due May 8, 2026, though listed as September 29) to establish a Qualified Vendor List of financial advisory firms across five categories—long-term financial planning, development impact fee analysis, special financing districts, municipal advisory services, and investment advisory—with a five-year term and hourly-rate pricing. Sacramento County solicited on-call financial consulting services for development impact fee programs, CFDs, and fiscal impact analyses (due October 8, 2026) under time-and-materials with not-to-exceed task budgets. The Washington Saves Governing Board requested proposals for program administration and investment management services for the state-facilitated auto-IRA program (due October 9, 2026), a seven-year engagement. Geographic concentration spans California (Sacramento, Milpitas, Phoenix area), the Upper Midwest (Michigan, Wisconsin, Washington), and Southeast (Georgia, Florida), with activity in most states represented in the recent posting block.