Continuing Disclosure Services

The County of Orange, County Executive Office - Finance is soliciting proposals for Continuing Disclosure Services through a Request for Proposal (RFP) issued on September 16, 2025, with proposals due on October 14, 2025, at 2:00 pm. The procurement seeks a qualified firm to provide municipal securities disclosure services in compliance with SEC Rule 15c2-12, which requires filing annual reports and material event notices on the Municipal Securities Rulemaking Board's Electronic Municipal Market Access (EMMA) website. The selected contractor will be responsible for obtaining financial statements, preparing and filing annual reports, disseminating significant event notices, and providing special services as needed. Bidders must have at least one team member with five years of experience in municipal debt continuing disclosure services. Evaluation criteria will include firm background, key personnel qualifications, work plan comprehensiveness, and overall proposal response quality. The contract will span five years, from December 1, 2025, to November 30, 2030, with a firm fixed-fee pricing structure based on unit costs for continuing disclosure reports and material event notices.

The RFP includes provisions for local small business (OCLSB) and disabled veteran business enterprise (DVBE) preferences, offering potential bidders a 5-8% evaluation preference. Payment terms are net 30 days, with contractors paid in arrears and no price increases permitted during the first contract year. The total municipal debt for Orange County is currently $1,038,741,000, with 15 separate bond issues covering various municipal and development projects. While a specific contract value is not explicitly stated, the Model Contract indicates that Board of Supervisors approval is required if the annual value to the contractor exceeds $200,000 in any given year. The procurement covers jurisdictions including Orange County and San Francisco City, with the contractor expected to manage continuing disclosure services for multiple bond issues ranging in maturity from 2027 to 2053. Electronic funds transfer (EFT) will be the preferred payment method, and the county requires documented proof for any potential price increases beyond the initial contract period.