Small Purchase - Municipal Advisor Services

The Illinois State Toll Highway Authority (ISTHA) is seeking a vendor to provide financial advisory services as a municipal advisor for a period of up to six months. The selected vendor must be registered with both the Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) as required by Section 15B of the Securities Exchange Act. The vendor will be responsible for providing advice and recommendations related to the structure, timing, terms, documentation, and pricing of approximately $600 million in refunding bonds and/or $400 million in new money bonds to finance the Tollway's capital program. Key deliverables include review and advice on the bond issuances, and the vendor will be compensated on a contingency basis upon the successful closing of any bond sales. The ISTHA has requested four fixed-fee pricing options from vendors and intends to select the lowest fee within one of the four categories.

The ISTHA has not specified any set-aside designations or restrictions on the types of organizations that can respond to the Request for Quote (RFQ). The ISTHA reserves the right to decline any and all bids and expects to select one firm to provide the municipal advisor services. The RFQ does not list any incumbent vendors or current contractors, nor does it mention any existing infrastructure or technology that requires integration. The procurement opportunity does not provide a specific award value or budget range, as the vendor's compensation is contingent on the execution of a bond purchase agreement and the closing of the bond sale.