Arbitrage rebate services

The Louisville and Jefferson County Metropolitan Sewer District (MSD) is soliciting proposals for comprehensive Arbitrage Rebate Services through RFP 26-0126, targeting qualified consultants to provide specialized financial compliance services related to bond issues. The procurement seeks providers capable of delivering complex services including initial consultation, data collection, arbitrage calculations, IRS reporting, rebate liability calculations, yield restriction compliance verification, comprehensive reporting with opinion letters, IRS Form 8038-T preparation, audit support, and annual liability estimates. A non-mandatory pre-bid meeting is scheduled for December 9, 2025, at 1:00 P.M. via Microsoft Teams, with digital proposal submissions required through MSD's web-based portal by January 26, 2026, at 10:00 A.M. local time. The evaluation will be conducted on a 100-point scale, with points allocated across Firm Information (10 points), Firm Experience (30 points), Personnel Qualifications (30 points), Price (25 points), and References (5 points). The contract term is one year with potential renewals for up to four additional twelve-month periods, subject to MSD's discretion and potential price adjustments based on Consumer Price Index calculations.

The procurement offers a 10 percent bid discount for eligible Minority Business Enterprise (MBE) and Women's Business Enterprise (WBE) firms on contracts estimated at $500,000 or less, with a maximum discount of $50,000. Respondents must comply with MSD's Vaccination and Testing Policy, prevailing wage requirements, and all applicable federal and state labor, safety, and environmental laws. Insurance requirements include Workers' Compensation, General Liability ($1,000,000 per occurrence/$2,000,000 aggregate), Automobile Liability ($1,000,000 combined single limit), and Excess/Umbrella coverage ($2,000,000). A resident bidder preference applies to businesses authorized to transact business in Kentucky with one year of prior Kentucky corporate income tax filings, unemployment insurance contributions, and workers' compensation policies. While no specific budget range is explicitly stated, the RFP references services for a $200 million bond issue, suggesting potential significant contract value. Payment terms include monthly invoicing with compensation processed within 30 days of invoice receipt and approval.