District of Columbia Cobblestone Systems #CFOPD-25-C-006J

Award for Financial Advisory Services for Economic Development Finance

This award notice details the District of Columbia's selection of Public Resources Advisory Group, Inc. for financial advisory services supporting economic development finance. - Government Buyer: - District of Columbia Office of the Chief Financial Officer (OCFO) - Office of Finance & Treasury (OFT) - Office of Contracts - Awarded Vendor: - Public Resources Advisory Group, Inc. - Services Requested: - Municipal financial advisory services - Debt and swap portfolio management - Long-range capital planning - Debt issuance - Tax Increment Financing (TIF) and Payments In-Lieu of Taxes (PILOT) advisory - Refunding analysis - Market analysis, bond structuring, pricing, and post-financing review - Contract Structure: - Indefinite Delivery Indefinite Quantity (IDIQ) - Not-to-exceed $250,000 per period; cumulative maximum $500,000 - One-year base period with four one-year option periods (one option exercised) - Unique Requirements: - Advisory services delivered by personnel at specified hourly rates - Deliverables include reports and compliance documentation - No OEMs or physical products involved; this is a professional services award.

Description

The Office of the Chief Financial Officer (OCFO) on behalf of the Office of Finance and Treasury (OFT) seeks vendors for financial advisory services related to economic development finance. The contract involves municipal financial advisory services including debt and swap portfolio management, long-range capital planning, and debt issuance. The contract is an Indefinite Delivery Indefinite Quantity (IDIQ) type with a not-to-exceed ceiling of $250,000. The contract includes four one-year option periods, with one option exercised extending the term from October 1, 2026 to September 30, 2027.

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