25-1089_Pre-Proposal Slideshow_Bond Underwriting Services RFP.pdf

ILLINOIS TOLLWAY

R F P 2 5 - 1 0 8 9

B o n d U n d e r w r i t i n g S e r v i c e s P r e - P r o p o s a l M e e t i n g

B i d B u y B i d # B i d 2 6 - 5 5 7 T H A - F I N A N - B - 5 1 4 9 2 Procurement Department

Tuesday August 4, 2026, at 01:00p.m. CT

Please sign into the TEAMS chat with name and company affiliation

Presented on August 4, 2026

AGENDA

• Solicitation Response Format

• Tollway Goods and Services Procurement Department, Shakeyla Taylor

• Business Enterprise Program and Veteran Business Program

• Tollway Compliance Department, Donielle Hines

• RFP Specifications, Scope, and Pricing

• Tollway Finance Department, Michael McIntyre

• Questions

AT TENDEE INSTRUCTIO NS

• All attendees please sign into TEAMS via chat with name and company affiliation.

• Questions can be posted to the TEAMS chat during this pre-proposal presentation.

• Please mute your audio feature until the end of the presentation.

SUBMIT TAL OF WRIT TEN QUESTIO NS

• Written questions are due August 6, 2026, at 5:00PM CT. Questions shall be sent via email to Shakeyla Taylor, smtaylor@getipass.com

• An Addendum to publish all Questions and Answers received will be published in BidBuy no later than August 14, 2026.

• All contact by offerors shall be sent to Shakeyla Taylor, at smtaylor@getipass.com.

BID SUBMISSI ON DUE DATE AND TIME

• Friday August 28, 2026, at 10:30 AM Central Time (CT)

• All proposals must be submitted electronically in BidBuy:

• B-51492 for Technical Proposal and All Required Forms

• Please see CPO Notice 2023.12 Electronic Submission of IFBs and RFPs.

https://cpo-general.illinois.gov/content/dam/soi/en/web/cpo-general/general/documents/cpo-notice-2023.12-electronic-submission.pdf

• Proposals received after the due date/time will not be accepted.

• For assistance with BidBuy, contact the BidBuy Help Desk: il.bidbuy@illinois.gov Please Do Not wait until the final hour to access bid buy, prior to the proposal due date.

SUBMISSI ON HIGHLI GHTS

Bid Organization

• Offerors are required to follow without exception the offeror response organization as outlined in the RFP document.

• Offers are to be submitted and uploaded into BidBuy, all content requirements are listed and detailed in the RFP. All files shall be submitted in BidBuy Bid #B-51492, please see Section F of the RFP document.

• Offerors must agree to bill at the set price in Attachment B- Pricing Schedule. Failure to agree to bill at the set rate will be deemed non-responsive.

• Pricing shall not be submitted via the Items Tab in BidBuy.

• The Pricing Attachment B must be signed and returned with the Offeror’s proposal.

R E Q U I R E D D O C U M E N T S T O C O M P L E T E A N D S U B M I T

RFP Section C.1 The Offeror shall submit the listed documents in Bid Buy under the Attachments tab in the appropriate “Required

Attachments” spaces.

• Vendor Disclosure or IPG Active Registered Vendor Disclosure

• Offer to State (Including Subcontractor Disclosure and Where Services are to be

Performed, found in Bid Buy Attachments.)

• Technical Response

• Commitment to Diversity

BEP Utilization Plan

• References–Attachment C to be submitted with Offerors Response.

• Pricing Attachment B

F I N A N C I A L D I S C L O S U R E S

Presented on August 4, 2026 8

Vendor Disclosure (Formerly Forms A) or IPG Active Registered Vendor Disclosure (Formerly Forms B)

• Vendors utilizing “Forms B” must be registered specifically with the Illinois

Procurement Gateway to be deemed responsive.

Verify that you are registered with the Illinois Procurement Gateway (IPG) on the IPG homepage (https://ipg.vendorreg.com). Search for your Business Name. If your company does not appear in the search results, you are not registered in the IPG.

To use FORMS B, vendors must be listed in the “Registered Vendor Directory” and provide a valid registration number with expiration date from the Illinois Procurement Gateway.

Registration information from other government entities will not be accepted.

• If your company is not listed in the IPG Registered Vendor Directory, you must utilize the “FORMS A” option to meet the certification and disclosure requirements

Presented on August 4, 2026 9

• Secretary of State File Detail Report

• Offerors must be registered with the Illinois Secretary of State when submitting their proposal. A person (other than an individual acting as a sole proprietor) must be a duly constituted legal entity prior to submitting a bid and authorized to transact business or conduct affairs in Illinois prior to execution of the contract. For more information, see Authorized to Transact Business or Conduct Affairs in Illinois in Forms A, Part 3.

• https://www.ilsos.gov/departments/business_services/home.html

• Illinois State Board of Elections

• Offeror may be prohibited from making political contributions and be required to register with the State Board of

Elections. For more information, see State Board of Elections in Forms A, Part 5.

• Illinois Department of Human Rights Public Contracts Number: Offeror shall complete and return the IDHR Public Contracts Number form in Forms A , Part 2.

• Must have the IDHR # if firm has 15 or more employees.

• https://www2.illinois.gov/dhr/Pages/default.aspx

Presented on August 4 , 2026 10

Attachment B

• Pricing Document- Offerors must submit the signed Attachment B Pricing Document with their proposal response.

Attachment C - References

• Attachment C, References - must be submitted with proposal with references listed.

BID EVALUATIO N/SCORI NG

Presented on August 4, 2026 11

Proposals will undergo a responsiveness review to determine compliance with submittal document requirements. All proposals that successfully pass responsiveness review will be eligible for scored evaluations.

• Total number of points achievable: 157 points

• Technical Responsiveness Elements: 109 points

• Commitment to Diversity Elements: 22 points

• Pricing: 26 points A minimum of 105 points to be considered for award consideration.

Presented on August 4, 2026 12

Business Enterprise Program and Veteran Business Program Tollway Compliance Department

Donielle Hines, Contract Compliance Analyst

BUSINESS ENTERPRI SE PROGRAM and

VETERAN BUSI NESS PROGRAM

Business Enterprise Program (BEP) goal: 9% Veteran Business Program (VBP) goal: 0%

Utilization Plan can be found at:

https://cei.illinois.gov/purchasing-entity-resources/compliance.html

Vendor search of certified firms at:

https://supplierdiversitymanagementportal.illinois.gov/home.aspx

VETERAN BUSI NESS PROGRAM

Special Note: U-Plan

• For more details, please reference the Utilization Plan V.26.1

• As a reminder: BEP/VOSB/SDVOSB certifications can be found at Commission on Equity and Inclusion (CEI) website.

Presented on May 18, 2026

BEP/VOSB/SDVOSB Certifications Illinois Department of Central Management Services

• Commission on Equity and Inclusion (CEI)

Required Documentation:

Vendors must submit a Utilization Plan for each goal program

• Indicate how they will meet the goal or provide good faith efforts

• Complete Letter of Intent for each vendor in the plan

Utilization Plan form can be found at: https://cei.illinois.gov/purchasing-entity-resources/compliance.html

Vendor search of certified firms found at: https://supplierdiversitymanagementportal.illinois.gov/home.aspx

BEP Liaison: Yvette Riley Phone: 312-814-1089 Email: Yvette.riley2@Illinois.gov

VOSB Liaison: Elias Ricks Ngwayah II Phone: 331-238-0334 Email: Engwayah@getipass.com

Presented on August 4, 2026 17

RFP Specifications and Scope Tollway Finance Department

Michael McIntyre, Sr. Manager of Finance, Debt and Treasury

RFP SPECI FICATIO NS: BACKGROUND

• It is intended that this procurement will meet the Illinois Tollway’s need for Bond Underwriting Services.

• The procurement process is intended to allow multiple firms to become qualified Vendors and during the term of the contract to allow, once annually, new firms to join the existing qualified pool of vendors

• This procurement process provides for prequalification, agreement to perform at a set rate, and final selection based on random and equitable distribution of work among qualified vendors.

Presented on August 4 , 2026

RFP SPECI FICATIO NS: GOAL AND EXPECTATIO NS

• Purpose: establish contracts with a pool of qualified municipal bond senior underwriters (“Underwriters”) that meet or exceed the mandatory requirements specified in the RFP

• The selected firms shall work with the Tollway, Tollway’s financial/municipal advisor(s) and outside counsel in the delivery of services contemplated by this RFP

• For a given bond issuance, firms will be selected from the pool on a random basis (using a drawing device such as a lottery drawing device) to fill senior manager and co-senior manager roles on a transaction and, as is customary, firm(s) serving as senior managing underwriter(s) will also be required to enter into a bond purchase agreement with the Tollway for that particular bond issue

Presented on August 4, 2026 20

Expectations

• Co-manager roles are expected to be assigned to BEP firm(s) designated by the awarded senior managers that enter into a contract with the Tollway.

• Each of the resulting contracts with the qualified firms shall have an initial term of ten (10) years. All contracts with senior managers will expire ten (10) years from the date of first execution of a contract with an awarded Offeror in connection with this procurement, regardless of the contracted firm’s qualification date. For example, if the first contract with an awarded Offeror is executed by all parties on September 30, 2026, then the expiration of all contracts regardless of qualification or contract execution date will be September 29, 2036.

• Per Illinois Joint Committee on Administrative Rules (“JCAR”) Part 1 Chief Procurement Officer for General Services Standard Procurement, Section 1.2036(b)(5)(C), vendors are to be prequalified once per fiscal year.

Presented on August 4, 2026 21

Expectations (continued)

• For vendors awarded as a result of this RFP, in addition to standard annual disclosure requirements, annual prequalification will be in the form of a statement of no material change to the firm or key personnel assigned to the Tollway.

• For vendors not awarded as a result of this RFP, there will be an opportunity on an annual basis on or about April 1st every year to submit a proposal with their updated qualifications

• Assignment to specific bond issuances will be based on Offeror’s qualifications, agreement to perform at a set rate as described in the RFP, and order of selection based on a random, but equitable distribution of work among qualified vendors.

• To ensure equitable distribution of work, once a vendor is selected to serve on a bond issue such vendor will not be included in subsequent random drawings until all qualified vendors have been selected to participate in a bond issue.

• An assignment for a given bond issuance is expected to consist of 3 – 6 firms plus the BEP firms designated by those selected firms.

Presented on August 4, 2026 22

Expectations (continued)

• Contractors who are included in the Pool shall submit documentation, no less than annually, certifying that they remain in compliance with the mandatory requirements per this RFP, specifically no material change to the firm or key personnel. Contractors that fail to provide the statement of no change and fail to requalify during the annual open period will be removed from the pool.

• A material change to a firm is considered any merger or acquisition, which results in a change to the firm’s name or ownership structure; any material change to key personnel is a change in the individuals who are identified in their response as the lead banker or lead underwriter who are expected to have authorization to execute a bond purchase agreement on behalf of their firm.

• Tollway expects to award a do-not exceed contract to any or all Offeror’s who meet the mandatory, minimum requirements, based on a negotiated set rate of not to exceed $2.00 per $1,000 bond, as described in the RFP

Presented on August 4, 2026 23

Expectations (continued)

• Mandatory Requirements with evidence:

• Registration as a broker-dealer with the Municipal Securities Rulemaking Board (“MSRB”)

• Brief overview of firm

• Since 2021, experience as senior underwriter on at least one $100 million or greater par amount issued by a toll authority and/or secured by toll or turnpike revenues

• Since 2021, experience as a senior underwriter or co-senior underwriter on at least one $50 million or greater State of Illinois or a State of Illinois authority, university or agency (Bonds issued by conduit issuers where the obligor is not affiliated with the State of Illinois do not count for purposes of this RFP).

• Technical Solution – Desirable Elements with scoring/evaluation

• Experience on transportation revenue bonds and State of Illinois and related bonds

• Project team

• Structuring ideas, marketing strategies, financial capacity, case studies and references.

RFP SPECI FICATIO NS: PRICING

24Presented on August 4, 2026

• Offerors must agree to bill at the set rate according to the takedown schedule found in the Attachment B – Pricing Document.

• Offerors must sign and return the Pricing Document Attachment B with their Proposal Response.

• Failure to agree to bill at the set rate according to the takedown schedule will result in being found non-responsive.

• The pricing shall not be entered in BidBuy.

QUESTIONS

This Photo by Unknown Author is licensed under CC BY-SA-NC

SUBMIT TAL OF WRIT TEN QUESTIO NS

• Questions in writing, are due Thursday August 6, 2026, at 5:00PM CT, shall be sent via email to smtaylor@getipass.com

• All contact by offerors shall be sent to the Purchasing Services Manager, Shakeyla Taylor, at smtaylor@getipass.com.

• An Addendum to publish all Questions and Answers received will be published in BidBuy no later than August 14, 2026.