CPCFA02-25 - Trustee Services for the CPCFA Financing Programs

The California Pollution Control Financing Authority (CPCFA) has issued Request for Proposal (RFP) No. CPCFA02-25 seeking trustee services for its financing programs, specifically the California Capital Access Loan Program (CalCAP). The selected trustee will be responsible for establishing and maintaining multiple program accounts, including independent contributor accounts and participating financial institutions' loss reserve accounts. Key deliverables include processing approximately 2,500 qualified loan enrollments quarterly, managing 75 charge-off claims quarterly, and handling 25 subsidy payments quarterly. The RFP anticipates initially establishing 80 new loan loss reserve accounts with an expected 35% annual growth. Proposers must submit written questions by November 12, 2025, with answers posted on November 14, 2025, and final proposals due November 24, 2025, by 4:00 p.m. PT. Evaluation criteria include qualifications and experience of the trustee firm (20 points), key personnel qualifications (20 points), program operations understanding (15 points), reporting capabilities (15 points), and fees (30 points), with a minimum score of 75 points required for consideration.

Minimum qualifications require proposers to be a trust company, corporation, or bank with combined capital and surplus of at least $50,000,000, subject to federal or state supervision, with an established California office. The procurement includes several preference opportunities: a 5% preference for certified small businesses and another 5% preference for non-small businesses committing to at least 25% subcontractor participation with certified small businesses. Disabled Veteran Business Enterprise (DVBE) participation is optional, with potential incentives ranging from 1-5% based on participation level. The anticipated contract term is three years with a maximum compensation of $1,770,000, and CPCFA reserves the right to extend for one additional year with up to $425,000 in additional funding. The Notice of Intent to Award is scheduled for December 3, 2025, with a proposed contract start date of January 1, 2026. Proposed rates must remain constant throughout the contract term, including any optional extension, and must be structured according to the cost proposal worksheet requirements provided in the RFP.