Financial Advisory Services

The City of Phoenix Finance Department is soliciting sealed offers for a Request for Qualification (RFQu-26-0189) to establish a Qualified Vendor List of financial advisory firms to provide comprehensive financial advisory services over a five-year contract period commencing October 1, 2026. The procurement encompasses five primary service categories: long-term financial and capital planning including development impact fee program support; evaluation of developer proposals and negotiations; feasibility analysis and implementation of special financing districts; municipal advisory services related to debt financing; and investment advisory services. Qualified firms must have operated for at least five years with primary business activity in the relevant services, maintain registration with the U.S. Securities and Exchange Commission and Municipal Securities Rulemaking Board for applicable service categories, and employ personnel licensed as Series 50/54 Municipal Advisor Representatives/Principals or Series 7/65/66 for investment advisory services. Pricing will be submitted on a per-hour basis for various staff positions including Principal, Managing Director, Senior Management Contractor, Senior Analyst, and Analyst, with negotiated pricing for individual projects; all offer prices are firm and fixed for the initial one-year period, with annual price increase requests permitted thereafter with 60 days' written notice and supporting documentation. A non-mandatory pre-offer conference is scheduled for April 22, 2026, at 2:00 p.m. via WebEx, written inquiries must be submitted by May 1, 2026, at 2:00 p.m., and sealed offers are due by May 8, 2026, at 2:00 p.m. through the City's Procurement Portal. All firms must maintain professional liability insurance with $1,000,000 per claim and annual aggregate limits, along with commercial general liability, automobile liability, and workers' compensation coverage.

This procurement incorporates federal nondiscrimination requirements including Title VI of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination Act of 1975, and Disadvantaged Business Enterprise requirements under 49 C.F.R. Part 26 and Airport Concessions Disadvantaged Business Enterprise requirements under 49 C.F.R. Part 23. Contractors must comply with E-Verify employment eligibility verification requirements under Arizona Revised Statutes 23-214(A), equal employment opportunity requirements per Phoenix City Code Chapter 18 Article V, and heat-related illness mitigation measures per Phoenix City Code Section 18-411, including implementation of written heat safety plans by May 1, 2025. The City of Phoenix retains the right to disqualify vendors or conduct additional procurements to expand the vendor list, and there is no guarantee that awarded vendors will be engaged during the contract term. Noncompliance with supplemental terms and conditions constitutes material breach and may result in contract termination, payment withholding, liquidated damages, or disqualification from future bidding. No specific award values or budget ranges are disclosed in the solicitation documents; all submitted proposal materials become City property and the City will not reimburse costs for proposal development. Contract execution is contingent upon award by City Council, signature by the City Clerk's department as required by Phoenix City Code, and compliance with all applicable federal, state, and local laws, including MSRB and SEC regulations governing municipal advisory services.