BidNet Direct #26-092 DP

CDOT Solicits Financial Advisor Services (IRMA) for Transportation Programs and Debt Management

The Colorado Department of Transportation (CDOT) is seeking proposals from qualified Independent Registered Municipal Advisers (IRMA) to provide expert financial advisory services for its transportation-related financial programs and debt management. - Government Buyer: - Colorado Department of Transportation (CDOT), Center for Procurement and Contracting Services (CPCS) - Includes affiliated Enterprises: Bridge and Tunnel Enterprise (BTE), Colorado Transportation Investment Office (CTIO), Clean Transit Enterprise, Non-Attainment Area Air Pollution Mitigation Enterprise, and Fuels Impact Enterprise - Products/Services Requested: - Comprehensive financial advisory services, including: - Development and evaluation of financing concepts and alternatives - Management and oversight of debt portfolios - Advice on innovative transportation financing and infrastructure investments - Legislative analysis and support - Assistance with debt sales, including bond structure recommendations, underwriter selection, and legal document review - Preparation of financial models, presentation materials, and annual debt capacity reports - Post-transaction assessments and fair market value opinions - Unique/Notable Requirements: - Contractor must be a qualified IRMA, registered with the SEC and MSRB - Experience with government financial transactions is emphasized - Deliverables are task-based and may include ongoing and ad hoc advisory support - Payment is hourly with reimbursement for expenses - Compliance with accessibility standards and insurance requirements - Qualified personnel, including designated project managers, are required - No specific OEMs or vendors are named; the opportunity is open to all qualified financial advisory firms

Description

The State of Colorado, through the Colorado Department of Transportation (CDOT) and its affiliated Enterprises, is soliciting proposals for Financial Advisory Services from firms acting as Independent Registered Municipal Advisers (IRMA). The contractor will provide expert financial advisory support on an as-needed basis to manage transportation-related financial programs, debt issuances, debt portfolios, and infrastructure investments. The services include developing and evaluating financing concepts, managing debt portfolios, advising on debt sales, and supporting legislative analysis. The contract term is anticipated to begin on September 1, 2026, with an initial term of one year and options to renew for up to four additional years.

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