Financial advisory services

The Texas Water Development Board (TWDB) has issued Request for Qualifications (RFQ) No. 580-26-RFQ-0001 for Financial Advisory Services, seeking comprehensive analytical and advisory services to support its financial assistance programs. The procurement covers financial planning, policies, management, financial risk management, debt issuance and management, and special project analyses. The contract will run from March 1, 2026, through February 29, 2028, with potential renewal options for up to three additional one-year periods. The RFQ was released on October 16, 2025, with proposals due by November 14, 2025, at 5:00 P.M. CST. Evaluation of submissions will be based on four key criteria: familiarity with TWDB's pooled loan programs (0-15 points), firm's experience with municipal bonds (0-40 points), qualifications of personnel assigned to TWDB (0-30 points), and description of proposed service plan and analytics (0-15 points). Respondents must submit comprehensive documentation demonstrating their financial advisory capabilities, including detailed information about their experience and assigned personnel.

The procurement includes a commitment to including Historically Underutilized Businesses (HUBs) in the procurement process, with respondents required to complete and submit a HUB Subcontracting Plan. Potential bidders must carefully adhere to specific page limit requirements for their proposal, with a total submission not exceeding 25 pages across different sections. The maximum total project cost is set at $6,075,000.00, providing a clear budget framework for potential financial advisory services. An addendum to the RFQ has clarified specific page count requirements for different items in the proposal, ensuring that respondents understand the exact formatting and documentation expectations. The TWDB will evaluate proposals comprehensively, looking for firms with deep expertise in municipal finance, specific experience with water development financial programs, and the ability to provide sophisticated financial planning and advisory services.