City of Long Beach Buyspeed #FM-26-704

The City of Long Beach has awarded a contract to establish a pool of Line of Credit Providers to finance short-term capital projects within the city's capital plan. The project, managed by the Financial Management Department, involves creating a mechanism for short-term financing and is classified under NIGP code 94625 for Banking Services. The location of the project is at 411 W Ocean Blvd, Long Beach, CA 90802, US. The procurement process included an RFQ (Request for Qualification) with a bid opening scheduled for March 25, 2026, and a contract duration from August 1, 2026, to August 1, 2028. The procurement was conducted through the BuySpeed portal. The primary contact for the RFQ is Richard Peoples, reachable via email at RFPPurchasing@longbeach.gov or by phone at (562) 570-6200. Likely competitors for similar awards include companies specializing in banking and financial services related to credit facilities.

The project aims to create a pool of Line of Credit Providers for the City of Long Beach, to establish a reliable mechanism to short-term finance capital projects in the City's capital plan.