ESBD_477963_1769096408432_Solicitation Addendum 2 - Financial Advisor.pdf

This is a Solicitation Addendum (Addendum No. 2) issued by the State of Texas Office of the Governor for Financial Advisory Services for Texas Economic Development Bank Programs under Request for Proposals No. 301-26-06320. The addendum extends the response deadline from January 26, 2026, to January 28, 2026, at 2:00 PM Central Time due to potential inclement weather in the Austin area that could impede timely delivery of printed responses. The solicitation seeks qualified financial advisors to provide comprehensive advisory services on an as-needed, project-by-project basis, including bond issuances, lending practices, portfolio management, and activities authorized under Texas Government Code Chapters 481 and 489. Key deliverables encompass determining bond offering timing and sizing, developing financing plans, preparing rating agency information, assisting with credit enhancements, coordinating with the Texas Bond Review Board and Attorney General's office, managing closing procedures, evaluating bond purchase proposals, monitoring refunding opportunities, and administering the Bank's debt programs. The initial contract term runs from the effective date through August 31, 2026, with potential renewal options for up to three additional twelve-month periods through August 31, 2029, and a possible six-month extension thereafter.

The State of Texas will evaluate proposals using weighted criteria: Company Information and Financial Responsibility (5%), Experience, Qualifications, and References (15%), Response Content and Responsiveness (15%), Proposed Solution (30%), and Compensation Sought (35%). The contract may be partially funded by American Rescue Plan Act (ARPA) federal funds, requiring compliance with 2 CFR Part 200 and applicable federal regulations. Respondents must submit a Historically Underutilized Business (HUB) Subcontracting Plan demonstrating good faith efforts to utilize Texas-certified HUB vendors, with specific opportunities identified under NIGP Class 946-48 for Financial Advisor services. Contractors must maintain commercial general liability insurance with minimum coverage of $1,000,000 per occurrence and $2,000,000 aggregate, assign a dedicated Account Manager subject to OOG approval, and comply with extensive certifications regarding debarment, sanctions, conflicts of interest, and statutory prohibitions. Acknowledgment of Addendum No. 2 must be signed and returned with the response or otherwise acknowledged within the proposal submission.