Financial Advisor for Bond Sale and Related Services

The California Health Facilities Financing Authority (CHFFA) is seeking financial advisory services through a Request for Proposal (RFP #CHFFA 04-15) to secure three separate contract levels (Primary, Secondary, and Tertiary) for tax-exempt bond issuance and equipment financing for nonprofit health facilities. The selected financial advisory firms will provide comprehensive services including reviewing underwriter spread components, evaluating financing structures, preparing rate scales, participating in pricing calls, conducting securities pricing reviews, offering recommendations on underwriting offers, performing post-sale evaluations, and assisting with bond allocation. Firms must have a California office, be licensed to do business in the state, possess two years of experience as a financial advisor to a statewide bond issuer, and be prohibited from providing underwriting or investment banking services. The evaluation criteria will assess firms based on experience with state/governmental issuers (30 points), personnel qualifications (20 points), cost (30 points), and additional relevant experience (20 points). Key procurement dates include the RFP release on March 15, 2016, proposal submission deadline of April 19, 2016 at 4:00 p.m., evaluation and selection by April 26, 2016, and a proposed contract start date of July 1, 2016.

The RFP has waived Disabled Veteran Business Enterprise (DVBE) requirements for this procurement. Firms must submit a blended hourly rate for professional services and a separate hourly rate for support services, with cost scoring allocating 25 points for professional service rates and 5 points for support service rates. Travel expenses are restricted to state employee rates, with actual expenses limited to $50.00 per transaction unless prior written approval is obtained. The initial contract term is two years with an optional one-year renewal. While no specific contract value or budget range is explicitly stated, the comprehensive nature of the services suggests a potentially significant engagement for financial advisory services across multiple bond transactions for nonprofit healthcare facilities. Proposals can be obtained through CHFFA's website or by requesting a hard copy from the Operations Manager, with submissions to be made directly to CHFFA's Sacramento office by the specified deadline.