FINAL Notice of Intent to Award.pdf

This document is a Notice of Intent to Award a Contract issued by the Alaska Municipal Bond Bank Authority (AMBBA) for RFP 2025-0400-0395 regarding Financial Advisory Services. The procurement seeks a financial advisory firm to provide comprehensive municipal advisory services, with proposals due by 3 PM Alaska Time on July 10, 2025. The contract is anticipated to begin on August 1, 2025, with the intent to award to PFM Financial Advisors LLC, which received the highest total score of 84.00 points. Offerors have ten calendar days to protest the notice, and the selected vendor is instructed not to proceed until receiving an official Contract Award or notice to proceed.

The evaluation process allocated 100 total points across four key areas: understanding of the project (10%), methodology (10%), management plan (10%), and experience and qualifications (20%), with contract cost accounting for the remaining 40%. Two other firms, Hilltop Securities and Masterson Advisors LLC, also submitted responsive proposals with scores of 80.33 and 66.00 respectively. The compensation structure includes per bond issuance fees varying by bond series size, with reimbursable out-of-pocket expenses. The AMBBA maintains strong credit ratings and typically issues 2-3 bond series annually, with a total debt limit of $2.5 billion allocated across political subdivisions, the University of Alaska, and regional health organizations.