CPCFA02-24_-_FINAL_RFP_(04-03-25).pdf

MEMBERS

FIONA MA, CPA, CHAIR

State Treasurer

MALIA M. COHEN

State Controller

JOE STEPHENSHAW

Director of Finance

EXECUTIVE DIRECTOR

Shela Tobias-Daniel

CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY

Physical Address:

901 P Street, 3rd Floor Sacramento, CA 95814

Mailing Address:

P.O. Box 942809 Sacramento, CA 94209 p (916) 654-5610 f (916) 589-2805 cpcfa@treasurer.ca.gov www.treasurer.ca.gov/cpcfa

California Pollution Control Financing Authority (CPCFA)

Request for Proposals No. CPCFA02-24

CalCAP SSBCI Loan Participation Project

NOTICE TO PROSPECTIVE PROPOSERS

April 3, 2025

The California Pollution Control Financing Authority (CPCFA), through its California Capital Access Program (CalCAP), requests that interested Financial Partner entities (Applicants) submit Loan Participation Project proposals in response to the attached Request for Proposal (RFP). Responses are due to the CPCFA by 3:00 p.m. PT on April 18, 2025.

Proposals for these services must comply with the instructions included in the RFP. The RFP includes the Sample Standard Agreement the selected firm will be expected to execute. The agreement that will be entered into with the State of California (“State”) will include by reference the General Terms and Conditions and Contractor Certification Clauses which may be viewed and downloaded online at:

https://www.dgs.ca.gov/OLS/Resources/Page-Content/Office-of-Legal-Services-Resources-List- Folder/Standard-Contract-Language. The General Terms and Conditions and all Exhibits that are a part of the Sample Standard Agreement are not negotiable. By submitting a proposal, your firm agrees to the terms and conditions stated in this RFP.

In the opinion of CPCFA, this RFP is complete and without need of explanation. However, if you have questions, or should you need any clarifying information, the contact person for this RFP is:

Lauren Dominguez 901 P Street, Suite 313A Sacramento, CA 95814

SSBCI@treasurer.ca.gov

Questions regarding this RFP must be submitted in writing no later than April 8, 2025, at 12:00 p.m. PT. Responses to the questions will subsequently be posted by April 11, 2025 in the California State Contracts Register (CSCR). Please note that no verbal information provided will be binding upon the State unless such information is also issued in writing as an official addendum.

https://www.dgs.ca.gov/OLS/Resources/Page-Content/Office-of-Legal-Services-Resources-List-Folder/Standard-Contract-Language https://www.dgs.ca.gov/OLS/Resources/Page-Content/Office-of-Legal-Services-Resources-List-Folder/Standard-Contract-Language mailto:SSBCI@treasurer.ca.gov

The RFP is competitive and CPCFA and State Treasurer’s Office protocol requires that Applicants (and their agents) refrain from advocating or inquiring about the status of the selection process unless contacted by CPCFA. Any necessary contact with the State regarding this request should be directed to the contact provided above, unless instructed otherwise by a member of the CPCFA. Failure to adhere to this protocol may result in disqualification.

Sincerely, Shela Tobias Daniel, Executive Director California Pollution Control Financing Authority

TABLE OF CONTENTS

A. PURPOSE AND DESCRIPTION OF SERVICES

1. Introduction and Background

2. Overview of a Loan Participation Program

3. Scope of Work

4. Term of Agreement

B. MINIMUM QUALIFICATIONS FOR PROPOSERS

C. PROPOSAL REQUIREMENTS AND INFORMATION

1. Key Action Dates

2. Questions and Answers

3. Content and Format of Proposals

4. Submission of Proposals

5. Evaluation Process

6. Award and Protest

7. Disposition of Proposals

8. Agreement Execution and Performance

D. Preference and Incentive Programs

1. Small Business or Microbusiness Preference

2. Non-Small Business or Microbusiness Preference

3. Target Area Contract Preference Act (TACPA)

4. Disabled Veteran Business Enterprise (DVBE) Incentive Program

E. REQUIRED ATTACHMENTS

Attachment 1 – Required Attachment Checklist Attachment 2 – Proposal/Proposer Certification Sheet Attachment 3 – Resumes of Key Personnel and Experience Attachment 4 – Proposer References Attachment 5 – Minimum Qualifications Certification Attachment 6 – Cost Proposal Worksheet Attachment 7 – Payee Data Record (STD 204) Attachment 8 – Contractor Certification Clauses (CCC 04/2017) Attachment 9 – California Civil Rights Laws Certification Attachment 10 – Darfur Contracting Act Certification Attachment 11 – Iran Contracting Act Certification Attachment 12 – Bidder Declaration (GSPD 05-105) Attachment 13 – Generative Artificial Intelligence (GenAI) Notification Attachment 14 – Small Business or Microbusiness Preference Attachment 15 – Non-Small Business or Microbusiness Preference Attachment 16 – Target Area Contract Preference Act (TACPA) Attachment 17 – Disabled Veteran Business Enterprise (DVBE) Program Requirements Attachment 18 – Disclosures Attachment 19 – Ownership Disclosures Attachment 20 – Respondent Certifications Attachment 21 – Appendix A – LPP Projections

SAMPLE STANDARD AGREEMENT (STD 213)

Exhibit A – Scope of Work Exhibit A, Attachment 1 – Resumes of Key Personnel Exhibit B – Budget Detail and Payment Provisions Exhibit B, Attachment 1 – Cost Proposal Exhibit C – General Terms and Conditions (GTC 04/2017) Exhibit D – Special Terms and Conditions Exhibit E – Additional Provisions Exhibit F – SSBCI Certification Form

A. PURPOSE AND DESCRIPTION OF SERVICES

1. Introduction and Background

The American Rescue Plan Act of 2021 reauthorized and amended the Small Business Jobs Act of 2010 to provide $10 billion to fund the State Small Business Credit Initiative (SSBCI) as a response to the economic effects of the COVID-19 pandemic. SSBCI is a federal program created to strengthen state programs that support private financing to small businesses.

The California Pollution Control Financing Authority (CPCFA) partnered with the IBank to receive California’s overall allocation of $1.181 billion dollars, split evenly between the partner agencies, and disbursed in three tranches. CPCFA received its initial tranche of $178,556,939 in November 2022 and received its second tranche of $203,515,524.50 in January 2025.

There are five named loan assistance program types authorized through SSBCI and CPCFA currently operates two such programs through the umbrella California Capital Access Program (CalCAP), the CalCAP for Small Business and the CalCAP Collateral Support programs. This Request for Proposals (RFP) seeks proposals for a third program funded through SSBCI, a Loan Participation Program (LPP). An LPP falls under the “Other Credit Support Programs” (OCSPs) under the SSBCI program.

The information provided in this RFP related to SSBCI is for informational purposes and proposing firms are advised to undertake their own independent research and determination relative to federal requirements. To the extent of any conflict or inconsistency between information provided herein and federal law or guidance published or provided by the U.S. Department of the Treasury, such federal law or guidance shall control.

For specifics regarding Eligible Applicants, Matching Requirements, Permissible Borrowers, Capital at Risk, Lending Activity, and more, review the U.S.

Department of the Treasury’s October 4, 2024 Capital Program Policy Guidelines located here: https://home.treasury.gov/system/files/136/SSBCI-Capital-Program- Policy-Guidelines.pdf.

2. Overview of a Loan Participation Program

As defined by the U.S. Department of the Treasury, an SSBCI Loan Participation Program enables the state instrumentality to act as a lender, in partnership with private lenders, to provide capital for small business growth and expansion. This type of program can be structured in two ways:

https://home.treasury.gov/system/files/136/SSBCI-Capital-Program-Policy-Guidelines.pdf https://home.treasury.gov/system/files/136/SSBCI-Capital-Program-Policy-Guidelines.pdf

a. Purchase participation - the state instrumentality purchases a portion of a loan originated by a lender; or

b. Co-lending participation - the lender originates a loan, and the state instrumentality originates a second loan to the same borrower (companion loan).

For the purposes of this RFP, CPCFA will only consider Purchase Participation LPP proposals.

For informational purposes, please view the SSBCI Opportunities for Community Development Financial Institution (CDFI) Loan Funds. Please note that requirements outlined in the October 2024 Capital Program Policy Guidelines may supersede certain information included in this profile:

https://home.treasury.gov/system/files/136/CDFI-SSBCI.pdf.

3. Scope of Work

Under the general direction of the Executive Director of CPCFA and designated staff, the Third-Party Administrator agrees to provide services as described below:

a. Role and Responsibilities:

The Third-Party Administrator selected through this RFP process will be responsible for complying with all SSBCI program rules as outlined by the U.S. Department of the Treasury and additional requirements and regulations implemented by CPCFA. They will coordinate with CPCFA to:

1. Assist with the development and implementation of one or more LPPs, including all documentation and legal instruments.

a. Work with CFI to create LPP documents, and marketing material.

b. Work as a liaison between CPCFA and CFI.

c. Work with CFI and PFIs to coordinate enrollment and participation in the program.

2. Provide operational capacity, skills, relationships, and expertise to manage the LPP.

a. Coordinate with CPCFA to oversee the LPP ensuring objectives are met and loan participations are efficiently deployed to support small business within SSBCI guidelines.

b. Regularly meet with CPCFA staff and attend board meetings, as needed.

https://home.treasury.gov/system/files/136/CDFI-SSBCI.pdf

c. Develop and implement a comprehensive compliance and risk management plan that includes regular external audits, continuous monitoring for legal, regulatory, and policy changes, and a rapid response strategy for relevant compliance issues.

3. Provide CPCFA with all necessary data and information needed for SSBCI reporting.

a. Use secure systems to create, receive, manage, and maintain loan records and documents relating to eligibility, enrollment, accounting, and contact information consistent with the requirements of the Information Practices Act of 1977 (Civil Code Section 1798, et seq.)

and in adherence with industry standard security protocols such as encrypted data storage and sharing methods;

b. Request, gather, and maintain demographic and SEDI information that may be voluntarily provided for each loan participation.

c. Coordinate with CPCFA for all monthly, quarterly, and annual reporting.

4. Assist with loan participations and coordination between CPCFA and PFIs.

a. Ensure CFI loan participations fall within SSBCI guidelines.

5. Collaborate and partner with California community banks and other State agencies to market and advertise the LPP. Within 6 months from the date of contract execution, the administrator will provide a market and outreach plan that includes:

a. Methodology to outreach in rural areas.

b. Develop outreach materials.

c. Work with STO’s external affairs teams.

d. Create program brochures.

e. Foster strategic partnerships with community organizations, and state agencies to extend the program's reach.

6. Create and develop a CPCFA accessible digital database to collect loan requests for screening and pre-qualification. At a minimum, the digital database should provide the following capabilities:

a. Securely controlling data so that it is processed, stored, and accessible only from within the United States.

b. Maintenance, including responsiveness and minimal downtimes.

c. Ability to match borrowers to lenders in the PFI syndicate.

7. Coordinate the selection, assembly, and management of the PFI syndicate.

a. Work with CPCFA in determining PFI eligibility and enrollment.

b. Provide training overview to all PFIs enrolled in the program.

4. Term of Agreement

The term of the Agreement will be from May 15, 2025 through May 14, 2028. The effective date of this contract is either the start date or the date the Agreement is approved by the Department of General Services (DGS), whichever is later. No work shall commence until the effective date.

B. MINIMUM QUALIFICATIONS FOR PROPOSERS

CPCFA has determined that the purposes and goals of SSBCI are best served at this time by having a Third-Party administrator. The entity will design and help with the implementation of an LPP on a statewide basis, utilizing a network of PFIs, that can directly provide loans and deposit services to target borrowers as specified in US Treasury Guidelines for SSBCI. Such a network should be able to leverage each PFI’s relationships and expertise within their local communities.

Third-Party Administrator must be a single non-bank, independent manager who will assemble a network of lenders and expertly manage a SSBCI funded loan participation program that meet the following qualifications:

• Must be headquartered in California or have an office located in California;

• Must hold and maintain at all times, all licenses and registrations required by applicable federal, state, and regulatory entities. All licenses and registrations must be current and in good standing.

• Must be able to assemble a network of lenders and expertly manage a loan participation program

• Must have a contract or commitment to partner with a Correspondent Financial Institution (CFI).

C. PROPOSAL REQUIREMENTS AND INFORMATION

1. Key Action Dates

Prospective proposers are hereby advised of the following schedule and will be expected to adhere to the required dates and times.

Date Action April 3, 2025 RFP available to prospective proposers April 8, 2025 at 12:00 p.m. PT Deadline for submission of written questions April 11, 2025 Distribution of responses to written questions April 18, 2025 at 3:00 p.m. PT Deadline for submission of proposals April 21 – April 25, 2025 Evaluation of proposals April 28, 2025 Notice to Intent to Award released May 15, 2025 Anticipated commencement of contract

CPCFA reserves the right to change the above dates and times, and, if so, CPCFA may modify this RFP prior to the date fixed for submission of proposals by the issuance of an addendum. CPCFA will post updates online at https://www.treasurer.ca.gov/cpcfa and https://caleprocure.ca.gov/.

2. Questions and Answers

In the opinion of CPCFA, this RFP is complete and without the need of explanation. However, if you have questions, or should you require any clarifying information, please email SSBCI@treasurer.ca.gov. Questions regarding this RFP must be submitted in writing no later than April 8, 2025 at 12:00 pm PT.

Responses to questions will be provided on April 11, 2025 and will be made available in the California State Contracts Register located at https://caleprocure.ca.gov/ and the CPCFA website.

3. Content and Format of Proposals

Prospective proposers are advised to review all sections of this RFP carefully and to follow instructions completely, as failure to make a complete submission as described elsewhere herein may result in rejection of the proposal.

Responses should use a typeface font of no less than 12 pitch. Please address all of the following items in responding to this RFP:

a. Corporate Structure and References (50 points)

1. Please provide evidence of a corporation or limited liability company organized as a California entity that has in place the following:

a) A contract or commitment to partner with a Correspondent Financial Institution (CFI)

b) Contracts or plans to create a network of PFIs to efficiently and effectively execute an SSBCI LPP focused on purchase participation.

2. If applicable, submit a list of at least three references (clients) to which the firm has provided similar servicing within the past five (5) years, and contact numbers for each (Attachment 4).

b. Loan Participation Projections (40 points)

1. Proposers shall also submit Appendix A (Attachment 21). Proposers shall include a detailed narrative of assumption for their estimates contained in the foregoing 3 tables:

a) LPP Projections for the years 2025 through 2031

b) Maximum Leverage Ratios with General Assumptions https://www.treasurer.ca.gov/cpcfa https://caleprocure.ca.gov/ https://caleprocure.ca.gov/

c) Portfolio Composition Assumptions.

c. Experience/Expertise with Program Details (60 points)

1. Describe the capacity, skills, size, and experience of the proposing firm’s management team, partners and key staff, including members of the loan or investment review committee. Describe the capacity, skills, size, and experience of the proposing firm’s governing board. Include a list of names and affiliations of its Board of Directors or other governing body.

Please include a full resume for the principal parties.

2. Please describe in detail the proposed program. The Proposer shall provide a detailed description of the proposed Program(s). For each proposed loan participation program, the Proposer shall provide information on the following:

a) Type of program (purchase participation)

b) Range of expected participation percentages

c) Factors for determining participation percentages

d) Intended economic benefits and outcomes

e) Qualification parameters for borrowers

f) Industry focus (if applicable)

g) Ability or plan to implement statewide

h) Range of investment amounts

i) Loan product (term, rate, etc.)

j) Strategy for achieving the 10:1 Private Financing Ratio required under

SSBCI

k) Target Market

l) Plan for inclusion of underserved communities

m) Key partners

n) Experience offering this or similar programs

o) The plan to identify and assemble the PFI syndicate

p) Underwriting criteria and process for funding loans

q) Description of firm’s ability to ensure compliance with the requirements set forth by the US Treasury’s Policy Guidelines and Minimum National Protection Standards

r) Description of firm’s ability to meet quarterly and annual reporting requirements

d. Data and Controls (20 points)

1. Describe the financial and socioeconomic borrower data that the proposing firm regularly collects and/or is able to collect.

2. Describe the method by which the proposing firm collects and monitors this data.

3. Describe the internal accounting and administrative controls of the proposing firm and the extent to which such systems can provide reasonable assurance that the SSBCI funds will be safeguarded against waste, loss, unauthorized use, and misappropriation. For example, provide evidence of one or more of the following:

a) Periodic internal audits.

b) Annual independent audits (including management letters).

c) Program financial statements current within the past year.

d) Adequate accounting and financial management systems.

e. Technical Assistance/Marketing and Outreach (20 points)

1. Describe any existing and/or proposed technical assistance services, including information on types of technical assistance and training available, target population and geography volume of services provided, demonstrated outcomes, and whether services are provided by the proposing firm or through partnerships. Describe the connection between technical assistance and the financial products and services provided by the proposing firm, including pre- and post-loan support. If technical assistance is not a component of your proposal, please indicate as much in the response to this RFP.

2. Describe how the proposing firm’s organization will utilize community partnerships of joint ventures and coordinate its efforts with other organizations or technical assistance providers to increase volume, expand the service delivery area, or enhance services the method by which the proposing firm collects and monitors this data.

3. Describe how the proposing firm’s organization will market its program and related services in the target markets. The marketing plan should also contain strategies that will target the service delivery region as a whole and reach certain market subsets in specific communities, such as in underserved neighborhoods or to Minority- or Women-owned Business Enterprises (MWBEs).

f. Personnel Qualifications and Experience (20 points)

Identify the personnel who will be providing the services required by the proposal, including the role of each staff member who will perform services pursuant to the Contract, his/her title, the percentage of the total firm effort under this contract that shall be provided by that individual, and years and type of experience for each person.

1. Key Personnel. Complete Attachment 3 regarding the key personnel

(include partners and associates) who will be directly involved in providing the services required under the contemplated Contract. Provide a brief description of the background and experience of each individual, both at current firm and all prior service. Identify the role of each staff member who will serve in the Contract, his/her title, and the percentage of the total firm effort that will be provided by that individual.

2. Resumes. Provide detailed resumes for individuals who will be directly involved in providing the services under the Agreement, including any proposed subcontractor firms and their employees.

g. Cost Proposal and Requirements (90 points)

1. Provide your proposed itemized costs for the services described in the

Scope of Work. The term of the Agreement entered pursuant to this RFP, if any, will be for a three-year period beginning May 15, 2025 through May 14, 2028 and shall not exceed $2,250,000.

2. Provide costs for the development of an accessible digital database to collect loan requests for screening and pre-qualification.

4. Submission of Proposals

a. Proposals should provide straightforward and concise descriptions of the firm’s ability to satisfy the requirements of this RFP. The proposal must be complete and accurate. Omissions, inaccuracies or misstatements may be cause for rejection of a proposal.

b. The proposal package should be prepared in the least expensive method.

c. The proposal must be submitted under sealed cover and sent to CPCFA by the dates and times shown in Key Action Dates (Section C, Item 1). Proposals received after this date and time shall not be considered.

d. A minimum of one (1) unbound original and three (3) copies of the proposal must be submitted.

e. The original proposal must be marked "ORIGINAL COPY.” All documents contained in the original proposal package must have original signatures and must be signed by a person who is authorized to bind the firm. All additional proposal sets may contain photocopies of the original package.

f. The proposal envelopes must be plainly marked with the RFP number and title, the firm name and address; marked with “DO NOT OPEN”, as shown in the following example:

Third Party Administrator for CPCFA’s Loan Participation Project

FIRM NAME

FIRM ADDRESS

DO NOT OPEN

If the proposal is made under a fictitious name or business title, the actual legal name of firm must be provided. Proposals not submitted under sealed cover and marked as indicated may be rejected.

g. All proposals shall include the documents identified in the Required Attachments Checklist (Section E, Item 1). Proposals not including the proper "required attachments" shall be deemed nonresponsive. A nonresponsive proposal is one that does not meet the basic proposal requirements.

h. Mail or hand deliver proposals to the following address:

California Pollution Control Financing Authority Attn: Lauren Dominguez

(916) 653-9249 901 P Street, Suite 313A Sacramento, CA 95814

i. Proposals must be submitted for the performance of all the services described herein. Any deviation from the work specifications will not be considered and will cause a proposal to be rejected.

j. A proposal may be rejected if it is conditional or incomplete, or if it contains any alterations of form or other irregularities of any kind. CPCFA may reject any or all proposals and may waive any immaterial deviation in a proposal.

CPCFA’s waiver of an immaterial deviation shall in no way modify the RFP document or excuse the proposer from full compliance with all requirements if awarded the agreement.

k. Costs for developing proposals and in anticipation of award of the agreement is entirely the responsibility of the proposer and shall not be charged to CPCFA, or the State of California.

l. An individual who is authorized to bind the proposing firm contractually shall sign Proposal/Proposer Certification Sheet (Attachment 2). The signature must indicate the title or position that the individual holds in the firm. An unsigned proposal may be rejected.

m. A firm may modify a proposal after its submission by withdrawing its original proposal and resubmitting a new proposal prior to the proposal submission deadline as set forth in the Key Action Dates. Proposal modifications offered in any other manner, oral or written, will not be considered.

n. A firm may withdraw its proposal by submitting a written withdrawal request to

CPCFA, signed by the proposer or an authorized agent in accordance with h) above. A firm may thereafter submit a new proposal prior to the proposal submission deadline. Proposals may not be withdrawn without cause subsequent to proposal submission deadline.

o. CPCFA may modify the RFP prior to the date fixed for submission of proposals by the issuance of an addendum to all parties who received a proposal package.

p. CPCFA reserves the right to reject all proposals. The agency is not required to award an agreement.

q. Before submitting a response to this solicitation, firms should review, correct all errors and confirm compliance with the RFP requirements.

r. More than one proposal from an individual, firm, partnership, corporation or association under the same or different names, will not be considered.

s. The State does not accept alternate contract language from a prospective firm. A proposal with such language shall be considered a counter proposal and shall be rejected. The General State’s Terms and Conditions (GTC 04/2017) are not negotiable.

t. No oral understanding or agreement shall be binding on either party.

5. Evaluation Process

a. Each proposal must be received by the due date. Late proposals shall not be accepted. Proposals shall remain confidential until the evaluation process begins. At the time of proposal review, each proposal shall be checked for the presence or absence of required information in conformance with the submission requirements of this RFP.

b. The Authority staff shall evaluate each proposal to determine how responsive the firm is to the specific requirements contained in this RFP. Each RFP shall be examined for the presence of required information as specified in the submission requirements of this RFP. The submission requirements are mandatory and failure to fully comply may be deemed grounds for automatic rejection.

c. It is the firm’s responsibility to provide sufficient information in the proposal to permit the Authority staff to make an accurate assessment of the firm’s ability to provide the services needed by the Authority.

d. If during the evaluation process Authority staff is unable to assure itself of the firm’s ability to perform under the contract, (if contract is awarded), Authority staff has the option of requesting from the firm any information deemed necessary to determine the firm’s qualifications. The firm shall be notified if such information is required and shall be permitted five working days to submit the requested information.

e. If the information submitted by the firm is insufficient to satisfy Authority staff as to the firm’s suitability, Authority staff may ask for additional information or reject the statement. The Authority’s determination of the firm’s qualifications shall be final.

f. Proposals that contain false or misleading statements, or which provide references which do not support an attribute or condition claimed by the proposer, may be rejected.

g. The Authority shall evaluate only those firms meeting the minimum qualifications as defined in Section B. The proposals that meet the minimum qualifications shall be evaluated and scored according to the criteria indicated below. A minimum of 240points must be achieved to be considered responsive (a responsive proposal is one which meets or exceeds the requirements stated in this proposal). The selection shall be made by an evaluation committee of the Authority on the basis of the following weighted factors (Maximum Points available for each criteria are noted).

h. At the time of proposal opening, each proposal will be checked for the presence or absence of required information in conformance with the submission requirements of this RFP.

i. Proposals that contain false or misleading statements, or which provide references, which do not support an attribute or condition claimed by the proposer, may be rejected.

j. Award, if made, will be to the highest scored responsible proposal.

Rating/Scoring Criteria 300 Maximum

Possible Points

Corporate Structure and References CPCFA will evaluate the firm’s overall experience demonstrating its ability to successfully completion of the Content and Format of Proposals as described in Section B, and if applicable evaluate listed references (clients) to which the firm has provided similar servicing within the past five (5) years, and contact numbers for each (Attachment 4).

50 points

Loan Participation Projections CPCFA will evaluate the projections and assumptions to ensure to meet leverage ratios (Attachment 21).

40 points

Experience/Expertise with Program Details CPCFA will evaluate the capacity, skills, size, and experience of the applications management team, partners and key staff, including members of the loan or investment review committee and will evaluate the overview of the firm’s Program Details as described in section C.

60 points

Data and Controls CPCFA will evaluate the method in which the firm collects and monitors the financial and socioeconomic borrower data that the proposing firm regularly collects and/or is able to collect.

CPCFA will evaluate the internal accounting and administrative controls of the proposing firm and the extent to which such systems can provide reasonable assurance that the SSBCI funds will be safeguarded against waste, loss, unauthorized use, and misappropriation.

20 points

Technical Assistance/Marketing and Outreach CPCFA will evaluate the existing and/or proposed technical assistance services, including information on types of technical assistance and training available, target population and geography volume of services provided, demonstrated outcomes, and whether services are provided by the proposing firm or through partnerships. CPCFA will evaluate how the firm will utilize community partnerships of joint ventures and coordinate its efforts with other organizations or technical assistance providers to increase volume, expand the service delivery area, or enhance services.

20 points

Personnel Qualifications and Experience CPCFA will evaluate the firm’s background and experience in related work, including any experience with similar types of

20 points programs, if applicable, as detailed in Personnel Qualifications and Experience (Section C.3.m.).

Cost Proposal and Requirements CPCFA will evaluate the proposed cost effectiveness.

90 points

Maximum Total Possible Points 300 points

The following scale will be used to score the responses to each scored category except costs:

Points Awarded

Interpretation General Basis for Point Assignment

100% Exceptional Category is addressed with the highest degree of confidence. Response exceeds the needs, requirements, and/or expectations with superior background, experience, expertise.

80% Excellent Response fully meets the needs, requirements, and/or expectations with a high degree of confidence. Proposal offers one or more enhancing feature, method, or approach exceeding basic expectations.

60% Good Response addresses the category being scored.

Good degree of confidence with minimal weaknesses.

40% Adequate Response is adequate to meet the needs, requirements, and/or expectations. Any omissions, flaws, or defects, are inconsequential and acceptable.

20% Minimally Adequate

Minimally addresses the category being scored, but one or more major considerations of the category are not addressed or are addressed in such a limited way that it results in a low degree of confidence.

0% Inadequate Fails to address any portion of the category being scored. The omissions, flaws, or defects are significant and considered unacceptable.

k. Cost Proposal Scoring

The lowest-cost proposal, based on the estimated Total Cost for a three-year Contract term from Attachment 6 is awarded the maximum cost points.

Other proposals are awarded cost points based on the following calculation:

(Lowest Cost Proposal/Other Cost Proposal) = (Factor)

Cost Points for Other Cost Proposal = (Factor) x (Maximum Cost Points)

EXAMPLE: When a maximum of 90 cost points are available

Lowest Cost Proposal = $1,687,500 Other Cost Proposal = $2,250,000

$1,687,500 / $2,250,000= 0.75

0.75 x 90 = 67.5 Cost Points

l. The Authority reserves the right to:

i. Request an interview with, and additional information from firms prior to final selection of the Lender firm for the contract.

ii. Select for contract negotiations the firm that, in the Authority’s judgment, shall best meet the Authority’s needs, regardless of differences in estimated costs between firms.

iii. Consider information about a firm in addition to the information submitted in the proposal or interview.

m. Tiebreaker – In the event two (2) or more responsive and responsible proposers earn the highest score, the Agreement will be awarded to the responsive and responsible firm earning the higher score in Experience/Expertise with Program Details. If the scores for in Correspondent Financial Institution Qualifications and Experience are the same, the Agreement will be awarded to the responsive and responsible proposer earning the higher score for Personnel Experience and Qualifications. If the scores for Personnel Experience and Qualifications are the same, the Agreement will be awarded to the responsive and responsible proposer earning the higher score for SSBCI Compliance Requirements.

6. Award and Protest

a. Notice of the proposed award(s) shall be posted in a public place in the office of CPCFA, 901 P Street, Sacramento, CA 95814 and on the following internet site for five (5) working days prior to awarding the Contract(s):

https://www.treasurer.ca.gov/CPCFA/calcap/index.asp

b. If any proposing firm, prior to the award of the Contract(s), files a protest with

CPCFA and the Department of General Services, Office of Legal Services, 707 Third Street, 7th Floor, West Sacramento, CA 95605, on the grounds that the (protesting) firm would have been awarded a Contract had CPCFA correctly applied the evaluation standard in the RFP, or had CPCFA followed the evaluation and scoring methods in the RFP, the Contract(s) shall not be awarded until either the protest has been withdrawn or the Department of General Services has decided the matter.

https://www.treasurer.ca.gov/CPCFA/calcap/index.asp

c. An initial written statement of protest, including the RFP Number, the name of the State Agency, and the contact person listed within the RFP, should be submitted to:

CPCFA DGS, Office of Legal Services Attention: Lauren Dominguez Attention: Protest Coordinator 901 P Street, Suite 313A 707 Third Street, 7th Floor, Suite 7-330 Sacramento, CA 95814 West Sacramento, CA 95605 SSBCI@treasurer.ca.gov OLSProtests@dgs.ca.gov

d. If submitting the initial written statement of protest via mail, it is suggested that the firm do so by certified or registered mail.

e. Within five (5) days after filing the initial protest, the protesting firm shall file with the Department of General Services, Office of Legal Services, and CPCFA a full and complete written statement specifying the grounds for the protest.

f. If the protest is based on permissible grounds, DGS will decide the protest and prepare a written decision within 30 days of the final submission of evidence.

7. Disposition of Proposals

Upon proposal opening, all documents submitted in response to this RFP will become the property of CPCFA and the State of California and will be regarded as public records under the California Public Records Act (Government Code Section 6250 et seq.) and subject to review by the public. The State cannot prevent the disclosure of public documents. However, the contents of all proposals, correspondence, agenda, memoranda, working papers, or any other medium which discloses any aspect of a proposer’s proposal shall be held in the strictest confidence until the letter of Intent to Award Contract is posted.

8. Agreement Execution and Performance

a. Performance shall start on the express date set by CPCFA and the selected

Contractor, after all approvals have been obtained and the Agreement is fully executed. Should the Contractor fail to commence work at the agreed-upon time, CPCFA, upon five (5) days’ written notice to the Contractor, reserves the right to terminate the Agreement. In addition, the Contractor shall be liable to CPCFA for the difference between the Contractor's proposal price and the actual cost of performing work by another contractor.

b. All performance under the Agreement shall be completed on or before the termination date of the Agreement.

mailto:OLSProtests@dgs.ca.gov

D. PREFERENCE AND INCENTIVE PROGRAMS

1. Small Business or Microbusiness Preference https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division- Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran- Business-Enterprise

A five percent (5%) preference will be applied to certified small business firms submitting proposals. To obtain the preference, firms must be certified as a small business at the time the proposal is submitted. The firm MUST include an updated copy of their Small Business Certificate to obtain the preference. The 5% preference is issued only for computation purposes to arrive at the successful firms and does not alter the amounts of the actual cost proposal. Once each proposal has been scored, if the highest responsible firm is not a certified small business or microbusiness, 5% of the highest scoring proposal is added to the total “earned” points for each proposal submitted by a certified small business.

These final numbers, with the 5% included, are then used to determine the highest scoring proposal. Questions regarding the small business certification or preference approval should be directed to the Office of Small Business & DVBE Services (OSDS) at (916) 375-4940 or can be found at the website listed above.

2. Non-Small Business or Microbusiness Preference https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division- Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran- Business-Enterprise

A five percent (5%) preference is available to a non-small business claiming twenty-five percent (25%) California certified small business subcontractor participation. If claiming the non-small business subcontractor preference, the proposal response must include a list of the small business(es) with which the firm commits to subcontract in an amount of at least 25% of the net price with one or more California certified small businesses. Each listed certified small business must perform a "commercially useful function" in the performance of the contract as defined in Government Code Section 14837(d)(4).

The required list of California certified small business subcontractors must be attached to the proposal response and must include the following: 1) subcontractor name, 2) address, 3) phone number, 4) a description of the work to be performed and/or products supplied; and 5) the dollar amount or percentage of the net price (as specified in the solicitation) per subcontractor.

Firms claiming the 5% preference must commit to subcontract at least 25% of the net price with one or more California certified small businesses. Completed certification applications and required support documents must be submitted to the OSDS no later than 4:00 p.m. on the proposal due date, and the OSDS must https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise be able to approve the application as submitted. Questions regarding certification should be directed to the OSDS at (916) 375-4940 or can be found online at the website listed above.

The preference to a non-small business firm that commits to small business or microbusiness subcontractor participation of 25% of its net price shall be 5% of either the lowest, responsive, responsible firm’s price or the highest responsive, responsible firm’s total score. A non-small business, which qualifies for this preference, may not take an award away from a certified small business.

3. Target Area Contract Preference Act (TACPA)

Services-List-Folder/Request-Target-Area-Contract-Preference

This solicitation provides for an optional TACPA preference. The TACPA program was established to stimulate business investments in distressed areas of the State and create job opportunities for Californians. Proposing companies are not required to apply for this preference. Both the TACPA workplace and workforce preferences will be evaluated for this solicitation. See Attachment 16 for more information.

4. Disabled Veterans Business Enterprise (DVBE) Program Requirements

Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran- Business-Enterprise

This solicitation provides an incentive for optional DVBE participation. Attachment 17 outlines the DVBE Incentive Program. Firms seeking the DVBE incentive must submit a completed Bidder Declaration (GSPD-05-105) (Attachment 12) that demonstrates DVBE participation and qualification for a DVBE incentive, with proposal submittal. Firms who have been certified by California as a DVBE must also complete and submit the DVBE Declaration (DGS PD 843). All disabled veteran owners and disabled veteran managers of the DVBE(s) must sign the form(s). The DVBE Incentive participation is optional and at the discretion of the proposing firm.

Any contract awarded to a company committing to subcontract with a certified DVBE will follow requirements as provided in MVC 999.7 including compliance with the Std. 817 reporting process, and permanent withholds and deductions for non-compliance.

E. REQUIRED ATTACHMENTS

For the proposal to be considered responsive, all required attachments listed in Attachment 1 must be completed and included with the proposal.

https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Request-Target-Area-Contract-Preference https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Request-Target-Area-Contract-Preference https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise https://www.dgs.ca.gov/PD/Services/Page-Content/Procurement-Division-Services-List-Folder/Certify-or-Re-apply-as-Small-Business-Disabled-Veteran-Business-Enterprise

ATTACHMENT 1

REQUIRED ATTACHMENT CHECKLIST

A complete proposal, or proposal package, will consist of the items identified below.

Complete this checklist to confirm the items in your proposal. Place a check mark or “X” next to each item that you are submitting to the State. For your proposal to be responsive, all required attachments must be returned. This check list should be returned with your proposal package also.

Attachments Attachment Name/Description

Attachment 1 Required Attachment Checklist

Attachment 2 Proposal/Proposer Certification Sheet

Attachment 3 Resumes of Key Personnel and Experience

Attachment 4 Proposer References

Attachment 5 Minimum Qualifications Certification

Attachment 6 Cost Proposal Worksheet

Attachment 7 Payee Data Record (STD 204)

Attachment 8 Contractor Certification Clauses (CCC 04/2017)

Attachment 9 California Civil Rights Laws Certification

Attachment 10 Darfur Contracting Act Certification

Attachment 11 Iran Contracting Act Certification

Attachment 12 Bidder Declaration (GSPD-05-105)

Attachment 13 Generative Artificial Intelligence (GenAI) Notification

Attachment 14 Small Business or Microbusiness Preference*

Attachment 15 Non-Small Business or Microbusiness Preference*

Attachment 16 Target Area Contract Preference Act (TACPA)*

Attachment 17 Disabled Veteran Business Enterprise (DVBE) Program Requirements*

Attachment 18 Disclosures

Attachment 19 Ownership Disclosures

Attachment 20 Respondent Certifications

Attachment 21 Appendix A – LPP Projections

*if applicable

ATTACHMENT 2

PROPOSAL/PROPOSER CERTIFICATION SHEET

This Proposal/Proposer Certification Sheet must be signed and returned along with all the "required attachments" as an entire package with original signatures. The proposal must be transmitted in a sealed envelope in accordance with RFP instructions.

Do not return the RFP nor the "Sample Agreement" at the end of this RFP.

A. Place all required attachments behind this certification sheet.

B. The signature affixed hereon and dated certifies compliance with all the requirements of this proposal document. The signature below authorizes the verification of this certification.

An unsigned Proposal/Proposer Certification Sheet will be cause for rejection.

1. Company Name 2. Telephone Number 2a. Email

3. Address

Indicate your organization type:

4. Sole Proprietorship 5. Partnership 6. Corporation

Indicate the applicable employee and/or corporation number:

7. Federal Employee ID No. (FEIN) 8. California Corporation No.

9. Indicate applicable license and/or certification information:

10. Proposer’s Name (Print) 11. Title

12. Signature 13. Date

14. Are you certified with the Department of General Services, Office of Small Business and Disabled Veteran Business Enterprise Services (OSDS) as:

a. Small Business Yes No

If yes, enter certification number:

b. Disabled Veteran Business Enterprise Yes No

If yes, enter certification number:

NOTE: Proof of Certification is required to be included if either of the above items is checked “Yes” and will be verified.

Date application was submitted to OSDS, if an application is pending:

Completion Instructions for Proposal/Proposer Certification Sheet

Complete the numbered items on the Proposal/Proposer Certification Sheet by following the instructions below.

Item

Numbers Instructions 1, 2, 2a, 3 Must be completed. These items are self-explanatory.

Check if your firm is a sole proprietorship. A sole proprietorship is a form of business in which one person owns all the assets of the business in contrast to a partnership and corporation. The sole proprietor is solely liable for all the debts of the business.

Check if your firm is a partnership. A partnership is a voluntary agreement between two or more competent persons to place their money, effects, labor, and skill, or some or all of them in lawful commerce or business, with the understanding that there shall be a proportional sharing of the profits and losses between them. An association of two or more persons to carry on, as co-owners, a business for profit.

Check if your firm is a corporation. A corporation is an artificial person or legal entity created by or under the authority of the laws of a state or nation, composed, in some rare instances, of a single person and his successors, being the incumbents of a particular office, but ordinarily consisting of an association of numerous individuals.

7 Enter your federal employee tax identification number.

Enter your corporation number assigned by the California Secretary of State’s Office. This information is used for checking if a corporation is in good standing and qualified to conduct business in California.

Complete, if applicable, by indicating the type of license and/or certification that your firm possesses and that is required for the type of services being procured.

10, 11, 12, 13 Must be completed. These items are self-explanatory.

If certified as a California Small Business, place a check in the "yes" box, and enter your certification number on the line. If certified as a Disabled Veterans Business Enterprise, place a check in the "Yes" box and enter your service code on the line. If you are not certified to one or both, place a check in the "No" box. If your certification is pending, enter the date your application was submitted to OSDS.

ATTACHMENT 3

KEY PERSONNEL AND EXPERIENCE

Name of Firm:

Identify Key personnel (include partners, associates, and key personnel in any subcontractor firm) who will be directly involved in the loan participation project.

Name: Percent of Effort %

Title: Office Location:

Phone Number: Email:

Role:

How Long in Current Position?

How Long Employed in Current Firm?

Experience:

Name of Firm:

Identify Key personnel (include partners, associates, and key personnel in any subcontractor firm) who will be directly involved in the loan participation project.

Name: Percent of Effort %

Title: Office Location:

Phone…