Exceptions.docx

The document is an Exceptions Instructions worksheet related to a Request for Proposal (RFP) #2025-182 issued by Mt. San Antonio College for Bond Underwriter Services. The RFP seeks qualified municipal bond underwriting firms to support a $750 million voter-approved general obligation bond authorization. Key dates include a mandatory pre-proposal meeting on June 6, 2025, proposal submissions due by July 3, 2025, potential interviews on July 15, 2025, and a contract start date of September 1, 2025, with an initial one-year term. The first bond issuance will be a $200 million fixed-rate general obligation bond, and firms are required to submit detailed information about their distribution and underwriting capabilities.

The solicitation requires firms to demonstrate specific experience with California Community College district bond financings since January 1, 2022, and provide comprehensive underwriting services including developing financing options, creating marketing plans, structuring and selling debt obligations, and providing ongoing financial advice. Evaluation will be conducted using a best-value procurement method, with proposals scored across five criteria: relevant experience and qualifications (30%), proposed team quality (25%), proposal clarity (20%), fee structure (15%), and references/past performance (10%). The Professional Services Agreement indicates a compensation structure where the district will pay the contractor a total amount not exceeding a specified dollar amount, with monthly invoicing permitted. The agreement also requires contractors to maintain various insurance coverages, including commercial general liability and professional liability, with $1 million per occurrence coverage limits.