RFP 26-36/AB financial advisors

The City of Hampton, Virginia has issued RFP 26-36/AB on March 24, 2026, seeking qualified financial advisory services providers to support municipal financing activities. The procurement involves establishing one or multiple contracts for comprehensive financial advisory services with a three-year initial term and the option to renew for four additional one-year periods under the same terms and conditions. The scope of work encompasses credit rating presentations, capital project financing analysis, debt structure recommendations, investment banker selection assistance, bond sale coordination, financial document preparation and review, refunding opportunity monitoring, and other advisory services as requested by City staff. The City of Hampton currently manages $275.8 million in general obligation bonds and $51.5 million in revenue bonds as of June 30, 2025, with anticipated funding needs of $460.4 million for fiscal years 2026 through 2030. Proposals will be evaluated based on experience (30 points), capability and skills (25 points), services to be provided (20 points), exceptions or alternatives (20 points), and minority/woman-owned business participation (5 points). The deadline for written questions is April 7, 2026, at 3:30 PM EST, and sealed proposals must be submitted by April 21, 2026, at 11:00 AM EST through physical delivery to the Issuing Office or electronically via DemandStar. No pre-proposal conference has been scheduled.

There are no specific set-aside designations restricting respondent eligibility; however, minority and woman-owned business participation is evaluated as part of the selection criteria, accounting for five points of the total evaluation score. Contractors must maintain professional liability insurance of $1 million and cyber liability insurance of $5 million minimum to comply with the City's requirements. All contracts must comply with Virginia procurement regulations and federal requirements for federally-funded transactions. No incumbent vendors or specific current contractors are identified in the procurement documentation. While no explicit award value or budget range is provided in the RFP summary, the City's substantial debt portfolio and anticipated funding needs of $460.4 million over the five-year period from 2026 through 2030 indicate a significant contract opportunity with potential multi-year revenue implications for selected financial advisory providers.