Sound Transit Biddingo #RP 0063-24

Sound Transit seeks financial advisory services to enhance debt capacity and explore new financing mechanisms.

Sound Transit, the Central Puget Sound Regional Transit Authority, is seeking proposals for financial advisory services to support its transit operations across King, Pierce, and Snohomish counties in Washington. - Government Buyer: - Sound Transit (Central Puget Sound Regional Transit Authority) - Contact: Matt Orton, Sr. Contracts Specialist - Scope of Services: - Financial advisory consulting to enhance debt capacity and address coverage constraints - Analysis and recommendations on innovative financing mechanisms, including: - Tax increment financing - Business tax financing - Public-private partnerships (P3s) - Sale-leasebacks and other new revenue streams - Support for procurement, vendor selection, and negotiation - Legal and accounting analysis related to financing strategies - Contract Details: - Three-year base term with two optional one-year extensions - 10% Small Business participation goal; proposers must identify small business subcontractors in their proposals - Submission of a detailed price sheet with fully burdened rates required - Notable Requirements: - No specific OEMs or vendors are named in the solicitation - Full scope of work is detailed in Exhibit B of the RFP

Description

Sound Transit is soliciting proposals from firms to provide financial advisory services aimed at enhancing the agency's debt capacity and coverage constraints. The scope of work includes consulting on financial mechanisms, procurement support, vendor selection, negotiation support, and exploring new revenue streams and financing opportunities such as public-private partnerships and sale-leasebacks. The contract term is three years with two optional one-year extensions. Proposals are due by June 5, 2024, at 1:00 PM Pacific Time.

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