On-Call Financial Consulting Services

The City of West Sacramento is soliciting Statements of Qualifications from qualified firms or individuals to establish an on-call consultant list for the provision of financial consulting services on an as-needed basis. The procurement encompasses a comprehensive range of financial services including fiscal impact analysis, Community Facility Districts (CFDs) formation, Assessment Districts (ADs) formation, Property Based Business Improvement Districts (PBIDs) formation, Development Impact Fee Studies, Infrastructure Financing Districts (IFDs) and Enhanced Infrastructure Financing Districts (EIFDs) formation, property tax and special tax financial analysis, preparation of Rate and Methods of Apportionment (RMAs) and hearing reports, benefit methodology, finance plans, nexus studies, engineer's reports, financial and municipal advisor services, debt analysis, and long-term financial modeling and projections. Proposers must demonstrate a minimum of five years of experience providing these services to public agencies in California. The RFQ was released on July 19, 2022, with a deadline for question submissions on July 25, 2022, and a proposal response deadline of August 9, 2022 at 11:59 p.m., followed by prospective interviews on August 24, 2022. The anticipated contract term extends for five years, consisting of an initial three-year term with options to extend for two additional one-year terms, with rate adjustments not to exceed annual Consumer Price Index changes. Evaluation criteria are weighted as follows: Proposal Transmittal Letter (5%), Proposer Qualifications and Experience (25%), Proven Ability (25%), Technical Approach (15%), Acceptance of City's Standard Contract (10%), and Rate Sheets (20%), with the City reserving the right to interview top-rated firms and select up to three highest-ranked firms based on qualifications before opening sealed rate sheets.

The procurement documents do not specify set-aside designations or restrictions limiting responses to particular types of organizations, disadvantaged enterprises, or minority-owned businesses. No incumbent vendors or current contractors are identified in the available materials. Proposers must comply with all insurance requirements, including Commercial General Liability of $1,000,000 per occurrence and $2,000,000 aggregate, Commercial Automobile Liability of $1,000,000 per accident, Workers' Compensation according to statutory requirements, and Professional Liability (Errors & Omissions) of $1,000,000 per claim. All proposals must be submitted electronically through the City's e-Procurement Portal, and proposers must provide proof of California Secretary of State registration, demonstrate financial viability, and disclose any pending litigation or organizational changes within the past three years. All costs must be all-inclusive with no additional reimbursement for travel, telephone, or copying expenses. The procurement documents do not specify a minimum or maximum guaranteed number of service hours, and no award value or budget range is provided; individual work assignments will be awarded on an as-needed basis, with the selected firm not necessarily being the lowest cost proposer.