Financial Advisory Services

The Vendor is required to provide financial advisory services on an "as needed" basis.
- Requirement:
•    Advising the department on financial matters as requested including, but not limited to, assessing and quantifying potential debt affordability and alternative ways to finance capital projects or programs, such as p3s, securitization of revenue streams, toll revenue bonds, GARVEEs, etc. 
•    Assistance with preparing value for money (VFM) studies related to current and future projects. 
•    Assisting the department in the procurement and selection of other professionals and services necessary or desirable for projects and programs as deemed appropriate. 
•    Advising the department (including providing market research) on potential commercial opportunities associated with innovative transportation technology, transportation data, and other emerging issues, including providing support for any related procurement efforts. 
•    Advising the department on rating agency matters and assisting in preparation of rating agency presentation materials. 
•    Advising the department and assisting with the TIFIA and RRIF loan process and documentation. 
•    Advising the department and assisting with the private activity bonds (PABS) process and documentation
•    Procure sub-contractor(s) with expertise in traffic and revenue analysis, insurance, and any other relevant expertise, and facilitate necessary studies and reports for projects or programs. 
•    Advising on proposed and enacted statutory and regulatory changes imposed or being considered by the department general assembly, and other regulatory bodies which could impact the department’s ability to plan and deliver projects and programs within its statutory responsibility. 
•    Attending meetings or performing other tasks including any other services necessary, customary, or incidental to project or program financial matters. 
•    Analyzing various financial proposals presented by developer teams, finance providers, etc. 
•    Assisting the department in developing commercial and financial portions of procurements, to include, but not limited to, risk analysis, benchmarking interest rates, and preparing and reviewing financial models. 
•    Supporting the department, in collaboration with department advisors, with activities related to reaching commercial and financial close for design-build-finance and p3 projects. 
•    Support the department in consideration of post-close financial and commercial issues, including changes with regard to project scope and relevant team members. 
•    Support with contract management, reporting, and tracking of project-level allowances. 
•    Assisting the department with analyzing financial proposals for additional project scope or project segments from developers operating under comprehensive development agreements (CDAS).