RFP 22-20_Mar_31_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
This Request for Proposal (RFP 22-20) is issued by Norwich Public Utilities (NPU) in the City of Norwich, Connecticut, seeking a fixed-rate revolving line of credit from qualified financial institutions. The solicitation requests a line of credit with a maximum value of $10 million and a 10-year maturity term, with proposals accepted from February 8, 2022, at 3:00 PM EST to March 7, 2022, at 2:00 PM EST. The line of credit will be secured by and repaid through revenues generated from NPU's Electric and Gas divisions, with the primary evaluation criteria focused on obtaining the lowest overall borrowing cost, most competitive interest rate, and most favorable terms that best serve NPU's financial interests.
The RFP does not specify any set-aside designations or disadvantaged enterprise requirements and is open to all vendors. Delivery terms are specified as Free On Board Destination, with payment terms to be vendor-specified. The procurement contact is Robert Castronova, reachable at 860-823-3706 or rcastronova@cityofnorwich.org. No incumbent vendors are mentioned, and there are no noted requirements for integration with existing infrastructure or technology. The contract will be awarded to the financial institution demonstrating the most advantageous proposal in terms of borrowing costs and financial terms for Norwich Public Utilities.
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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 .