Financial Advisor Services

The vendor required to provide that financial advisor services to support the on an as-needed basis in the following areas: 1) public-private partnerships (p3) and innovative financing alternatives, 2) bond sizing and pricing scenarios, and 3) general financial advisor services.
- The following tasks may be assigned to the financial advisor:
•    P3 and innovative financing alternatives
•    Assist in the transactional and technical aspects of implementation of a p3.
•    Provide cost effectiveness and feasibility studies to evaluate project delivery alternatives.
•    Assist with developing or reviewing finance plans or financial models.
•    Assist with public sector comparator and value for money analyses.
•    Aid in the development of stakeholder presentations. 
•    Participate in interactions and negotiations with the private sector including industry forums, one-on-one meetings and question and answer communications. 
•    Analyze financing and funding alternatives to improve financial marketability of the project. 
•    Assist with the evaluation of p3 options. 
•    Assist with p3 procurements including developing procurement documents, providing evaluation training, reviewing and analyzing financial qualifications and proposals, providing commentary to assist with proposer selection or reviewing unsolicited proposals. 
•    Collaborate with legal and engineering consultants as well as the department’s internal project management, legal and financial contacts. 
•    Provide expertise with public and private funding and financing partners and instruments such as USDOT, FHWA, TIFIA, private activity bonds, private equity, taxable bonds, private bank financing and tax issues.
•    Assist in bringing projects to financial and commercial close. 
•    Assist in developing p3 policy, procedures, rules or guidelines.
- Bond sizing and pricing scenarios
•    Provide bond sizing and pricing scenarios to assist with potential debt source of financing options. 
•    Advise the department on matters relating to the municipal bond market conditions and outlook, peer organization trends, innovations and outlook, including but not limited to, new issues, refunding’s, new products, market trends, investor preferences, and perform analysis related to such matters. 
•    Advise and assist the department on actions that would help improve interest rates and ratings for bond sales.
- General financial advisor services
•    Act in the capacity of financial advisor to the department by providing advice on finance-related issues, including development of short-term or long-term finance strategies and plans of finance for individual projects. 
•    Review and analyze alternatives for cost-effective financing of projects. 
•    Review and report on the feasibility of using new or innovative financing techniques. 
•    Assist with project financial evaluations including, but not limited to: NPV, IRR, and cost-benefit calculations. 
•    Provide financial advice regarding market conditions and trends, financial products, third party alternative financing and special facility financing, and keep the department abreast of market developments and financing techniques.
•    Assist the department with the state infrastructure bank program in setting guidance, reviewing loan applications and providing financial analysis. 
•    Provide peer reviews of financial analysis. 
•    Provide financial modeling and financial model reviews. 
•    Review and comment upon proposed legislation and assist in development of proposed legislation that may affect the financial operations of the department.
•    Provide other financial analysis or review duties as assigned by the department. 
•    Analyze proposed financing, including funding alternatives to improve marketability, and recommend the best method of marketing consistent with current economic and market conditions. 
•    Advise the department on rating agency matters, including evaluation of departmental or state changes in rating agency criteria that could affect the existing rating and requirements (debt service coverage ratios). 
•    Assist in the preparation of presentations to rating agencies to ensure that the department’s current credit ratings are retained or improved. 
•    Advise the department on regulatory constraints imposed by congress and the country treasury including but not limited to IRS, SEC and MSRB rules and policies. 
•    advise and assist in drafting legislation necessary to improve debt issuance and management. 
•    Review and evaluate financing options and other innovative products, financial feasibility studies, legal documents, and pricing of any financing and any escrow.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: November 12, 2025