Proposal_Requirements.pdf
PDF 152 KB Posted
- Solicitation number
- RFP- 26 - 164
- Issued by
- Pinellas County, Florida
About this file
This file contains Proposal Requirements Instructions for the City of St. Petersburg, Florida's Request for Proposals to procure brokerage and advisory services for the marketing and sale of Florida Voluntary Cleanup Tax Credits valued at $206,104.59. The City seeks qualified firms to market, structure, and facilitate the transfer or sale of these tax credits received through the Florida Department of Environmental Protection's Voluntary Cleanup Tax Credit Program. Proposers must demonstrate a minimum of three years of experience successfully brokering Florida VCTC sales or similar transferable tax credits. The RFP was released on March 26, 2026, with a deadline for submitting questions on April 9, 2026, and proposals must be submitted electronically through the OpenGov Procurement portal by May 12, 2026, at 3:00 p.m. The contract will be awarded to a single vendor, with the initial term commencing upon execution and continuing until services are fully completed and the tax credit sale is closed, with no specified renewal options.
Proposals must include a signed transmittal letter, detailed qualifications and experience documentation showing transaction types, jurisdictions, credit values, and the proposer's specific role in completed transactions, a project approach with an indicative timetable preferably completing within approximately ninety calendar days, a cost analysis showing net proceeds to the City after all fees and commissions, and audited or reviewed financial statements for the last two fiscal years plus a bank letter dated within the last ninety days. The evaluation committee will assess proposals using weighted scoring criteria: qualifications and experience (30 points), project approach and methodology (25 points), cost analysis and fee competitiveness (35 points), and business enterprise program outreach and utilization (10 points). There are no mandatory set-aside designations or restrictions on the types of organizations that can respond; however, the City encourages participation by Small Business Enterprises, Women Business Enterprises, Minority Business Enterprises, and Veteran-Owned Business Enterprises, with proposers expected to demonstrate detailed efforts to identify and engage City of St. Petersburg certified small businesses as subcontractors. Proposers will not be deemed non-responsive for submitting a Subcontractor Utilization Plan with zero participation in these business categories. No incumbent vendors are identified, and no specific budget range is disclosed; instead, proposers must submit detailed cost analysis showing all fees, commissions, transaction costs, and net proceeds calculations with identification of any variable pricing or contingencies that could affect the final amount.
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Other files
| File | Type | Posted |
|---|---|---|
| Broker_Services_for_Florida_Voluntary_Cleanup_Tax_Credits_(Addendum_#1_Revision).pdf | ||
| Proposal_Requirements.pdf | ||
| Agreement.pdf | ||
| Scope_of_Services_-_Sale_of_Voluntary_Cleanup_Tax_Credits_2024_ERL_(4).docx | DOCX document | |
| Cert2252_App2104_City-of-St.-Petersburg_(2).pdf | ||
| Florida_VC_Tax_Credit_Purchase_and_Sale_Agreement_2024_(2).docx | DOCX document | |
| Florida_Voluntary_Cleanup_Tax_Credit_Purchase_and_Sale_Agreement.pdf | ||
| Light_Construction_Agreement.docx | DOCX document | |
| Performance_&_Payment_Bond_.DOCX | DOCX document | |
| Public_Construction_Bond.docx | DOCX document | |
| Subcontractor_Utilization_Plan.docx | DOCX document |
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Proposal Requirements
Instructions: The RFP must include the following information in the order listed. Please upload responses to the following in one continuous PDF labeled as “Proposal Requirements.”
A. Transmittal Letter
Offerors must submit a transmittal letter (maximum two pages) on the firm’s letterhead. It must be signed by a representative of the offeror who is authorized to sign such material and to commit the offeror to the obligations contained in the offer. The transmittal letter must include the name, address, phone number and e-mail address for the offeror’s contact, and must specify who would be the firm’s signatory to any contract documents executed with the City. The transmittal letter may include other information deemed relevant by the offeror
B. Qualifications and Experience of Firm and Staff Provide a brief summary of relevant experience marketing, transferring, brokering, purchasing, and/or monetizing Florida Voluntary Cleanup Tax Credits (VCTCs) or similar transferable tax credits.
At a minimum, include for each representative transaction:
a. Transaction type (brokered and/or direct purchase)
b. Jurisdiction (Florida experience preferred)
c. Approximate credit value (ranges acceptable)
d. Proposer’s role and scope of services performed
i. Proposers may also describe experience performing similar services for public-sector entities and any additional experience that supports the City’s evaluation of the Proposer’s capabilities, including typical transaction structures and approaches.
ii. Identify the individual(s) proposed to perform the marketing and transaction support services. For each, provide title/role, relevant credentials, and a summary of experience with transferable tax credit transactions, including VCTCs where applicable.
C. Project Approach Provide an indicative timetable identifying key milestones and an estimated duration to market and complete the transfer/sale of the tax credits. For planning purposes, the City is interested in whether transactions are typically completed within approximately ninety (90) calendar days; however, Proposers shall provide their professional assessment and describe assumptions, dependencies, and factors that may impact the schedule. Additionally, provide either (a) audited or reviewed financial statements for the last two (2) fiscal years, or (b) internally prepared financial statements for the last two (2) fiscal years plus a bank letter dated within the last ninety (90) days confirming good standing.
D. Cost Analysis Provide a net proceeds proposal that includes:
a. Proposed net proceeds to the City, inclusive of all fees, commissions, and transaction costs.
b. An itemized schedule of all fees/commissions/costs and identification of any third-party or pass-through expenses.
c. A clear net proceeds calculation showing assumptions and any inclusions/exclusions.
d. Disclosure of any variable pricing, contingencies, or other factors that could change net proceeds.
e. Identification of risks that could reduce net proceeds and the proposer’s mitigation approach.
E. Business Enterprise Outreach and Utilization Proposers must indicate if the company is a SBE, MBE, WBE, combination; and describe how the company plans to utilize the various business enterprise programs in the company’s fulfilment of the contract. At a minimum, proposers must address the following:
A. A detailed description of your organization’s efforts to identify and contact City of St.
Petersburg SBEs, MBEs, and WBEs to inform them of opportunities to work as subcontractors for this proposal.
i. Attending relevant opportunities offered by the City’s Office of Supplier Development including outreach events and matchmaking sessions.
ii. Documentation of planned or prior outreach efforts
B. Planned efforts such as mentoring, training, and other capacity building programs for SBE, MBE, and WBEs.
C. Detailed description of your organization’s process for ensuring small businesses have enough time and information to provide your firm with bids.
i. Description of how your firm considers SBEs, MBEs, and WBEs in the development of proposal and bid packages. ii. Explanation of how your firm ensures SBEs, MBEs, and WBEs understand the bid and specifications and are able to learn ways to improve.
D. Provide past performance in utilizing SBEs, WBEs, and WBEs on past projects within the last five (5) years.
E. Provide a detailed Subcontractor Utilization Form.
| Proposal Requirements |
| A. Transmittal Letter |
| Offerors must submit a transmittal letter (maximum two pages) on the firm’s letterhead. It must be signed by a representative of the offeror who is authorized to sign such material and to commit the offeror to the obligations contained in the offer. T... |
| B. Qualifications and Experience of Firm and Staff |
| Provide a brief summary of relevant experience marketing, transferring, brokering, purchasing, and/or monetizing Florida Voluntary Cleanup Tax Credits (VCTCs) or similar transferable tax credits. At a minimum, include for each representative transaction: |
| a. Transaction type (brokered and/or direct purchase) |
| b. Jurisdiction (Florida experience preferred) |
| c. Approximate credit value (ranges acceptable) |
| d. Proposer’s role and scope of services performed |
| i. Proposers may also describe experience performing similar services for public-sector entities and any additional experience that supports the City’s evaluation of the Proposer’s capabilities, including typical transaction structures and approaches. |
| ii. Identify the individual(s) proposed to perform the marketing and transaction support services. For each, provide title/role, relevant credentials, and a summary of experience with transferable tax credit transactions, including VCTCs where applica... |
| C. Project Approach |
| Provide an indicative timetable identifying key milestones and an estimated duration to market and complete the transfer/sale of the tax credits. For planning purposes, the City is interested in whether transactions are typically completed within appr... |
| D. Cost Analysis |
| Provide a net proceeds proposal that includes: |
| E. Business Enterprise Outreach and Utilization |
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