RFP 22-20_Nov_4_24_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 document is a Request for Proposal (RFP) issued by the City of Norwich, Connecticut for Norwich Public Utilities (NPU) to solicit proposals from qualified financial institutions to provide NPU with a fixed rate revolving line of credit (LOC) of up to $10 million with a 10-year maturity. The LOC will be secured by and repaid from the revenues of NPU's Electric and Gas divisions. The RFP solicitation period is from February 8, 2022 to March 7, 2022, and interested vendors are required to submit their proposals by the end date. The RFP does not indicate any site visits, bidder's meetings, or a specific award date.
The RFP states that the selected financial institution must provide the LOC at the lowest overall borrowing cost, interest rate, and terms that are in the best interest of NPU. Pricing terms, set asides, and funding requirements are not specified in the RFP. The RFP also does not mention any incumbents or the current environment for this type of LOC.
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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 .