UNSPSC 64111904: Single structured product

A security designed to facilitate highly customized risk-return objectives. This is accomplished by taking a traditional single security, and replacing the usual payment features with non-traditional payoffs derived not from the issuer's own cash flow, but from the performance of the underlying asset.

UNSPSC 64111904 Single structured product is a Commodity-tier code under which state and local governments procure financial analysis, advisory, and professional services — including financial examinations of insurance companies, development impact fee studies, municipal advisor services for debt financing, investment portfolio management, employee benefits consulting, audit services, and various specialized financial operations support. The issuing bodies span state departments (Michigan Department of Technology, Management & Budget; Washington State Housing Finance Commission; Texas Southern University), county governments (Sacramento County, DeKalb County, Douglas County, Clayton County), cities (Phoenix, Milpitas, Albuquerque, Detroit, St. Cloud, Gainesville), school districts (DeKalb County School District, Pinellas County School District), special-purpose districts (Orange County Transportation Authority, Seminole County Fire Rescue, New Smyrna Beach Utilities), and nonprofit housing entities (El Pueblo Housing Development). Michigan appears most active in the recent record, posting multiple pre-qualification solicitations for insurance company financial examinations; other repeat activity includes development impact fee and nexus studies across Texas and California jurisdictions, and municipal advisory services across multiple states.

The geographic spread is nationwide, with concentrated recent activity in Michigan (financial examinations), California and Texas (development impact fees and financing advisory), Georgia (auditing, compensation studies), Washington State (affordable housing fund administration, state auto-IRA program administration), and Florida (utility billing, fire inspection billing, NTD audits). Representative recent opportunities include the Michigan Department of Technology, Management & Budget's RFP 260000002746 for financial examination services pre-qualification (response November 4, 2026), the County of Sacramento's on-call financial consulting services for development impact fees and CFDs (response October 8, 2026), the City of Phoenix's financial advisory services qualified vendor list (responses closed May 8, 2026), and the Washington State Housing Finance Commission's affordable housing fund administrator RFP (response November 2, 2026). Evaluations typically weight firm experience and qualifications heavily, with cost as a secondary factor or, in some cases, as a contingent evaluation criterion only after technical thresholds are met. Insurance requirements commonly include $1 million to $3 million professional liability coverage, and many jurisdictions impose independent contractor certifications, compliance documentation, and tax-compliance affidavits as pass/fail prerequisites.