Exhibit B_Performance Requirements.docx
DOCX document 277 KB Posted
- Attached to
- Fuel Price Hedge Consulting
- Solicitation number
- RFQQ 2025 0523
- Issued by
- Adams County, Asotin County, Benton County, Chelan County, Clallam County, Clark County, Columbia County, Cowlitz County, Douglas County, Ferry County, Franklin County, Garfield County, Grant County, Grays Harbor County, Island County, Jefferson County, King County, Kitsap County, Kittitas County, Klickitat County, Lewis County, Lincoln County, Mason County, Okanogan County, Pacific County, Pend Oreille County, Pierce County, San Juan County, Skagit County, Skamania County, Snohomish County, Spokane County, Stevens County, Thurston County, Wahkiakum County, Walla Walla County, Whatcom County, Whitman County, Yakima County, Asotin City, Clarkston City, Clarkston Heights-Vineland CDP, West Clarkston-Highland CDP, Benton City, Chelan City, Chelan Falls CDP, Clallam Bay CDP, Lewisville CDP, Rock Island City, Pacific Beach CDP, Whidbey Island Station CDP, Mercer Island City, Pacific City, Bainbridge Island City, Kingston CDP, Kitsap Lake CDP, Kittitas City, Klickitat CDP, Okanogan City, Anderson Island CDP, Fort Lewis CDP, Fox Island CDP, Herron Island CDP, Ketron Island CDP, North Fort Lewis CDP, Raft Island CDP, Stevenson City, Hat Island CDP, Lake Stevens City, Snohomish City, Spokane City, Spokane Valley City, Puget Island CDP, Garfield Town, Yakima City, Washington
About this file
Exhibit B - Performance Requirements is a solicitation document for Washington State Ferries (WSF) seeking a Fuel Hedging Program Advisor/Qualified Independent Representative (QIR) through a competitive Request for Qualifications and Quotes (RFQQ) numbered 2025 0523. The document outlines detailed performance requirements for a consultant to provide guidance on the Fuel Hedging Program, with the primary objectives of reducing WSF's exposure to fuel price volatility and achieving a lower overall long-term fuel cost. The solicitation requires bidders to demonstrate expertise in executing hedging strategies, communicating market insights, generating reports, participating in quarterly meetings, and representing public agencies in fuel hedging contracts.
The performance requirements are structured as mandatory scored (MS) criteria, with each requirement carrying 5 points and requiring bidders to provide written responses demonstrating their capabilities. Critical qualifications include recommending and executing hedging strategies, monitoring energy markets, representing public agencies as a QIR, and meeting regulatory requirements under Title 17 Code of Federal Regulations 23.450(b)(1) adopted by the Commodity Futures Trading Commission. The document emphasizes the need for a consultant who can interact with stakeholders, provide comprehensive reporting, and effectively manage the Fuel Hedging Program on behalf of Washington State Department of Transportation (WSDOT) and Washington State Ferries.
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Other files
| File | Type | Posted |
|---|---|---|
| Exhibit A2_Bidders Profile.docx | DOCX document | |
| Exhibit C_Cost Proposal.docx | DOCX document | |
| Exhibit A3_Client Reference.docx | DOCX document | |
| Exhibit D_Contract.pdf | ||
| Exhibit D1_ContractIssuesList.docx | DOCX document | |
| Exhibit E _Scope of Work.pdf | ||
| Exhibit F_Inclusion Plan Subcontractors.docx | DOCX document | |
| Exhibit A1_Bidders Certification.docx | DOCX document | |
| RFQQ 2025 0523_Fuel Hedge Solicitation.pdf |
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Text version
EXHIBIT B – PERFORMANCE REQUIREMENTS
| Competitive Solicitation: |
| No. RFQQ – 2025 0523 |
| Bidder: |
| _________________________________ |
Type/print full legal name of bidder company
Instructions:
Bidders submitting a proposal must complete and submit an Exhibit B for evaluation purposes.
Performance Requirements: Bidder must respond to each requirement as noted in the instructions below.
1. Review all requirements, priorities and provided definitions:
· Mandatory Pass/Fail (M): Minimum requirement; Bidder that does not meet this requirement will not be considered any further.
· Mandatory Scored (MS): Critical requirement; evaluators will score based on the degree to which Bidder's response meets the requirement.
1. Using the Bidder’s Compliance column, Bidder must select either a "Yes" or "No" to indicate the Bidder's ability to meet the requirement. Any entry that is not either a "Yes" or "No", may be deemed non-responsive and will not be considered any further.
1. Bidder must respond in the Written Response column for every requirement that indicates a "Written Response Required”. Written responses must not reference any material present elsewhere. The written response shall be considered complete and stand on its own merits or may be deemed non-responsive.
PERFORMANCE REQUIREMENTS AND FACTORS
| REQ ID |
| Performance Requirement and |
Stated Business Need
| Points Available |
| Priority |
| Bidder’s Compliance |
| Written Response |
| 1.1 |
| Experience: Recommending an execution strategy for the Fuel Hedging Program |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 1.2 |
| Experience: Communicating with Client about fuel market, futures prices, and hedge opportunities |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 1.3 |
| Experience: Participating in quarterly meetings, scheduled check-ins, and availability to communicate as needed |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 1.4 |
| Experience: Generating reports on program status and results |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 2.1 |
| Staff Skill Qualifications: Recommending and executing hedging strategies in a timely manner to accomplish the objectives of the Fuel Hedge Program |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 2.2 |
| Staff Skill Qualifications: Generating monthly reports on a Fuel Hedge Program’s status and results |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 2.3 |
| Staff Skill Qualifications: Monitoring a Fuel Hedge Program and energy markets |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 2.4 |
| Staff Skill Qualifications: Representing public agencies and/or transit agencies as a Qualified Independent Representative (QIR) to execute Fuel Hedging contracts. |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 2.5 |
| Staff Skill Qualifications: Interacting with Public or Private Fuel Hedging Program Administrators, including attendance at quarterly meetings of an Oversight Committee or Board |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 2.6 |
| Staff Skill Qualifications: Answering questions from stakeholders and providing information for GASB requirements |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 2.7 |
| Staff Skill Qualifications: Perform other work related for effective performance of a Fuel Hedge Program, as needed |
| 5 points |
| MS |
| ☐ Yes |
☐ No Written Response Required.
| 3.1 |
| The Consultant / QIR must meet the requirements of a Qualified Independent Representative as set forth in Title 17 Code of Federal Regulations (CFR) §23.450(b)(1) adopted by the Commodity Futures Trading Commission (CFTC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. |
| Pass/Fail |
| M |
| ☐ Yes |
☐ No
Return this exhibit to Procurement Coordinator at:
chase.johnson@wsdot.wa.gov
EXHIBIT B – PERFORMANCE REQUIREMENTS PAGE 2
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