RFR for Arbitrage Rebate Compliance Services

The Massachusetts School Building Authority (MSBA) has issued a Request for Responses (RFR) for Arbitrage Rebate Compliance Services. The MSBA is seeking qualified firms to provide services related to calculating bond yields and arbitrage rebate liabilities, reviewing necessary documentation, providing comprehensive reporting, and consulting with MSBA staff. The RFR outlines the scope of work, which includes gathering and reviewing documentation, performing calculations, and reporting. Minimum qualifications for respondents are specified. The MSBA will evaluate responses based on the "Best Value" overall, which may include proposed alternatives that will achieve the MSBA's procurement goals. Responses are due by October 28, 2020, and the MSBA intends to award a contract for a five-year term with a one-year renewal option.

The RFR includes requirements related to the Supplier Diversity Program (SDP), which mandates that respondents partner with certified Minority-Owned (MBE), Woman-Owned (WBE), or Minority and Woman-Owned (M/WBE) businesses or non-profit organizations. Respondents must provide information on the SDP partner, the business relationship, and the financial commitment to spend with the SDP partner. The current incumbent vendor is AMTEC. The MSBA does not provide an estimated value or budget range for the contract, but notes that it has a $1.7 million arbitrage rebate liability related to its 2015 Series D Bonds.