Financial Advisory Services

The State of New Hampshire State Treasury has issued a Request for Proposals (RFP TREAS 2024-01) for Financial Advisory Services targeting the state, its treasury, and associated state agencies. The procurement seeks a qualified firm to provide expert, independent financial advisory services with specific focus areas including debt issue financing planning, debt market condition assessments, legislation review, disclosure document preparation, debt securities marketing, project financing analysis, rating agency coordination, and ongoing debt management support. Evaluation criteria for the contract will be comprehensively weighted: 35% on firm and personnel expertise, 35% on approach soundness, and 30% on proposed service costs. The RFP has a submission deadline of April 12, 2024 at 4:00 PM, with an anticipated contract effective date of July 1, 2024. The initial contract term is set for five years, with an optional three-year renewal period, and will be awarded to a single firm. Respondents must demonstrate extensive financial advisory capabilities and provide detailed pricing structures including retainer fees, per-debt issue fees, hourly rates, and other service-specific charges.

The RFP does not specifically outline set-aside designations for disadvantaged business enterprises or minority-owned businesses. The procurement appears open to qualified financial advisory firms with demonstrated expertise in public sector financial consulting. While the RFP indicates three respondents have previously submitted proposals, no incumbent vendor is explicitly named. The State reserves the right to reject all proposals and re-solicit if necessary, maintaining flexibility in the procurement process. Although a specific contract value is not disclosed, the pricing structure suggests a comprehensive scope of services with potential significant financial engagement. The State's financial liability will be limited to the total fees paid under the contract, which will be negotiated based on the proposed fee schedules submitted by responding firms. Potential respondents should be prepared to provide comprehensive insurance coverage, with the State Treasury reserving the right to modify standard contract insurance requirements during negotiations.