RFP 22-20_Apr_14_25_solicitation_doc.pdf
PDF 15 KB Posted
- Attached to
- Norwich Public Utilities Line of Credit
- Solicitation number
- RFP 22-20
- Issued by
- New London County, Connecticut
About this file
The document is a Request for Proposal (RFP 22-20) issued by Norwich Public Utilities (NPU) in Norwich, Connecticut, seeking a fixed-rate revolving line of credit (LOC) from qualified financial institutions. The solicitation, open to all vendors, requests proposals for a $10 million line of credit with a 10-year maturity, to be secured by revenues from NPU's Electric and Gas divisions. The proposal period was from February 8, 2022, at 3:00 PM EST to March 7, 2022, at 2:00 PM EST, with the goal of obtaining the lowest overall borrowing cost and most favorable terms.
The RFP specifies delivery terms as Free On Board Destination with payment terms to be vendor-specified. No specific set-asides, disadvantaged enterprise requirements, or vendor restrictions are mentioned. The primary evaluation criteria focus on the most advantageous financial proposal, with the selected financial institution determined by the lowest borrowing costs and most beneficial terms for NPU. The contact for this solicitation is Robert Castronova, who can be reached at 860-823-3706 or rcastronova@cityofnorwich.org. The line of credit will be repaid through revenues generated by NPU's Electric and Gas divisions, indicating a self-funded financial arrangement.
View the file
Other files
Show all 27
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
Solicitation Number: RFP 22-20
Norwich Public Utilities Line of Credit
Request for Proposal (RFP)
Norwich, City of
February 08, 2022 - March 07, 2022
Page:2
General Header Information
This bid has no questions defined.
RFP 22-20
No. RFP 22-20 Title: Norwich Public Utilities Line of Credit Start Date: February 08, 2022 at 3:00:00 PM EST End Date: March 07, 2022 at 2:00:00 PM EST Vendor Q&A Start Date:
Vendor Q&A End Date:
Estimated Total Value:
Who can respond to this bid? : All Vendors Description: Norwich Public Utilities (NPU) is soliciting proposals from qualified financial institutions that can best provide NPU with a fixed rate revolving line of credit (LOC) of up to ten (10) million dollars and a maturity of ten
(10) years at the lowest overall borrowing cost, interest rate, and terms that are in the best interest of NPU. The LOC will be secured by and repaid from the revenues of NPU’s Electric and Gas divisions.
Delivery Terms: Free On Board Destination Payment Terms: Vendor Specified Contact Information: Norwich, City of
Robert Castronova 100 Broadway Room 105 Norwich CT, 06360 United States Tel: 860-823-3706 Fax:
rcastronova@cityofnorwich.org
Contact Details: If you have any questions, please contact:
Robert Castronova 100 Broadway Room 105 Norwich CT, 06360 United States Tel: 860-823-3706 Fax:
rcastronova@cityofnorwich.org
Selected Categories:
Page:3
Documents:
RFP 22-20 LOC Advertisement.pdf
Page:4
Item Specifications Solicitation has been designated as having no line items.
Page:5
File details come from the government source that posted it. Updated .